Malusi Gigaba calls for radical economic transformation — with a caveat
The finance minister says radical economic transformation without growth is not viable
Finance Minister Malusi Gigaba fired the first shots at the ANC national conference on Saturday morning, calling for radical transformation of the economy as well as inclusive growth at a breakfast briefing to business leaders. Gigaba said that given SA’s inequality and its alarming unemployment rate, particularly among the youth, the need to transform the economy was a no-brainer that no reasonable person could argue against. "At this defining moment, the most important task for the ANC as the governing party is to lead the country to achieve inclusive growth through radical economic transformation. Our country still suffers extreme income inequalities, deep poverty and very high levels of unemployment particularly affecting the youth. "A call for radical socioeconomic transformation is relevant. It is a stepping stone towards inclusive growth. There can be no other way forward for our country other than to recognise the social grievance of the majority and to fulfill it,” he said....
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