UASA welcomes the economic strategy blueprint to boost growth and create jobs as released on the website of National Treasury last night.
The document, Economic Transformation, Inclusive Growth and Competitiveness: Towards an Economic Strategy for South Africa, details structural reforms that can reverse South Africa’s growth potential and competitiveness, and can, according to Treasury, raise annual economic growth by 3 percentage points and create one million jobs.
UASA agrees with the blueprint’s focus on modernising network industries, lowering barriers to entering the market for entrepreneurs, prioritising labour-intensive growth, promoting competitiveness on all levels, and that growth will be quantified.
However, the proposed interventions are not new and have been seen before in the National Development Plan and other documents.
UASA can only hope that the focus points of the strategy blueprint will eventually translate into much needed and corruption-free action that will benefit all South Africans.
We call on all concerned to heed Finance Minister Tito Mboweni’s call to comment on the document by 15 September.
For further enquiries or to set up a personal interview, contact Stanford Mazhindu at 074 978 3415.