The government has pointed to the National Development Plan (NDP) as its response to the IMF’s statement that the country’s economy is vulnerable to external shocks and funding shortfalls. The Treasury said the Cabinet had considered the IMF’s report towards the end of June. "The government aims to address challenges including inequality, poverty and unemployment through its budget, which is highly redistributive, as well as other vehicles of economic transformation." "The NDP remains [the] cornerstone for inclusive growth, aiming to address binding constraints, tackle infrastructure bottlenecks and accelerate inclusion," the Treasury said. But it made no mention of the "action plan" Finance Minister Malusi Gigaba is set to unveil to turn around SA’s economic fortunes. Gigaba said at the opening of the tax season that the Treasury had an action plan "with timelines to implement certain structural reforms in the economy in order to boost business confidence so that we can get the eco...
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