29 May 2014
The Democratic Alliance has raised its
concern regarding the Growth Domestic Product and that South Africa is at risk
of slipping into recession.
DA Deputy MP of Finance David Ross said
government needs to work anxiously to put an end to the strike in the platinum
belt. Ross also called for drastic
structural and regulatory reforms proposed by the National Development Plan.
Ross said with the country’s economy
firstly facing negative growth second to unemployment being over 35% thirdly
unrest in the mining sector. We acknowledge that investors’ confidence will be
on a seriously low level.
“The challenge now is government needs to
work hard at putting an end to the strike in the platinum belt but secondly we
also encourage government drastically needs to develop a structure and regulate
the situation to turn things around Ross added.
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