Bold new thinking needed to achieve NDP goals
The state’s austerity-driven economic policy is bound to fail, while the Nayi le Walk policy roadmap adopts a growth-orientated approach and has more chance of boosting the economy
At the 25 Years of Democracy conference, President Cyril Ramaphosa stated that his government “is not afraid of new ideas and of new ways of thinking. We want to work with you, and for you to challenge us, to bring added rigour to the work of government.”
Yet the latest state of the nation address and the reappointment of the Reserve Bank governor indicate that the government intends to continue to pursue the current economic policy to achieve the National Development Plan (NDP) targets of doubling the size of the economy, reducing the unemployment rate to a single digit and eradicating poverty by 2030.