Productivity SA shows why jobs and growth not happening – DA

By Celeste Ganga
17 October 2007

Statistics released by Productivity SA (formally the National Productivity Institute or NPI) on Tuesday confirms that South Africa’s economy is not growing or creating jobs on the supply side of the economy, while only limited growth on the consumption side is growing.

“This is a testament of the fact that while the macro-economic environment has been steady for some time now, micro-economic and regulatory interventions have done little to attract sufficient direct investment into greenfield manufacturing concerns,” says DA deputy spokesperson on Finance, Kobus Marais.

He goes on to say, “Something which is essential for job creation and growth.”

Marais adds that the problem of our economy to sustain levels of consumption, necessary to maintain current levels of employment in consumption-side sectors, is diminishing as the inflation outlook has worsened.