Wednesday, June 27, 2012

DA says government should target much higher economic growth rates

Lauren Snyders
27 June 2012

Minister Pravin Gordhan told an ANC breakfast that government will be working towards maintaining the 2 to 3% economic growth rate of recent years.

The DA said it is unacceptable and they should be targeting much higher growth rates.

DA Shadow Minister of Finance Tim Harris said they think South Africa should be achieving an economic growth rate closer to 8%.

He added that it’s obvious that the eco-equalities of the ANC are failing to allow SA to achieve growth rates similar to other developing countries.

Harris said it is a great disappointment.

He added that the DA will be tabling times to show how SA could be able to achieve much higher rates of growth than what the finance minister is committing SA to.

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