Economic growth‚ or the lack thereof‚ will dominate discussions on Friday when the ANC lekgotla (meeting) gets underway. This is according to ANC secretary-general Gwede Mantashe‚ who told the media on Thursday that ANC leaders will begin putting in place means to spur economic growth as well as finding ways to "get out of this junk status". The economy was dealt a heavy blow in April when two ratings agencies downgraded SA to sub-investment grade — colloquially known as junk status. This followed a late-night Cabinet reshuffle in which President Jacob Zuma fired finance minister, Pravin Gordhan, and his deputy‚ Mcebisi Jonas‚ sending the rand tumbling and costing the country billions. Mantashe said the lekgotla would look at which sectors of the economy could be targeted to spur growth. "We have already dealt with the framework of the lekgotla. We will also look at issues that will be part of the budget process. We will focus on the economy — economic growth and economic developmen...
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