Mboweni’s economic plan: Treasury must ‘walk the talk’
North West University Business School economist Raymond Parsons believes Finance Minister Tito Mboweni's economic growth plan will hinge on practical implementation.
Treasury released the document on their website on Tuesday titled ‘Economic Transformation, Inclusive Growth, and Competitiveness: Towards an Economic Strategy for South Africa."
Mboweni’s economic plan: Treasury must ‘walk the talk’ by Sine Madolo on Scribd
The paper places an emphasis on the role of the private sector in the generation of investment and jobs.
The document is open for the public comment until September 15.
The paper looks at possible structural reforms to boost economic growth by up to three percentage points and to create a million jobs in 10 years.
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Parsons says the growth plan presses many of the right buttons that are needed to turn the country's economy around.
"The bad news is, of course, we have been here before we need to get beyond the point where we only talk about the plan and we must implement. I think most of the listeners and those of us who talk of the economy want to now see visible evidence that both the government and the private sector are going to walk the talk more effectively than in the past.
'The real test will come in October when the so-called mini-budget and then in November there's the president's investment summit. I think by then we'll want to see some tangible evidence that some of the good things in this treasury document are beginning to be translated into a reality that will boost business confidence and make a difference to people's lives on the ground."
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