State is ‘deeply engaged’ with SA’s recession, says Malusi Gigaba
The minister released a 14-point plan at the JSE on Thursday, spelling out the Treasury’s intention to reduce government guarantees
Finance Minister Malusi Gigaba has released an action plan for the economy with firm timelines, which includes developing a framework for greater private-sector participation in projects run by the government and state-owned enterprises (SOEs). The plan also spells out the Treasury’s intention to reduce the issuance of government guarantees, especially for operational reasons, and to look into providing Eskom with “soft support” until the National Energy Regulator of SA decides on its 2018 tariff adjustment. Many of the plans outlined are already on the government’s agenda, but despite this, the ambitious 14-point plan appeared to have been well-received by business representatives at the JSE, where it was unveiled. The plan includes selling noncore assets and the partial privatisation of SOEs to pull the economy out of recession. “Government has been deeply engaged with the issue of low economic growth and the recession, analysing its impact on social welfare, and considering an ap...
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