Today's Big Stories

Government vows to ‘intervene more decisively’ to speed up economic growth

Government must intervene more decisively to speed up economic growth although the global environment was very "challenging".

This is according to Minister in the Presidency Jeff Radebe, who spoke at a media briefing on Thursday.

Finance Minister Pravin Gordhan, at the same briefing, denied that the South African economy was heading for a recession.

Gordhan also dismissed suggestions that government is preparing to yet again bail out troubled national carrier South African Airways (SAA).

The Money Show’s Bruce Whitfield interviewed Nazmeera Moola, Economist and Strategist at Investec Asset Management.

Scroll down for quotes from the audio below.

The World Bank expects growth over the next three years to be between 1.4% and 1.6%.

Finance Minister Pravin Gordhan

The NDP provides for these interventions.

Minister in the Presidency Jeff Radebe

They’re saying all the right things, but we need to start seeing tangible steps from Government.

Nazmeera Moola, Economist and Strategist at Investec Asset Management

Not much has been done about visa regulations.

Nazmeera Moola, Economist and Strategist at Investec Asset Management

Government has been hugely inefficient in certain areas. Government tackling growing bureaucracy could be the catalyst.

Nazmeera Moola, Economist and Strategist at Investec Asset Management

The Chinese economy presents a huge risk at this time.

Nazmeera Moola, Economist and Strategist at Investec Asset Management

The data out of China is very confusing.

Nazmeera Moola, Economist and Strategist at Investec Asset Management

The Chinese economy is not dying, but growing more slowly.

Nazmeera Moola, Economist and Strategist at Investec Asset Management

The world is not sure if 4% growth in China is enough.

Nazmeera Moola, Economist and Strategist at Investec Asset Management

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This article first appeared on 702 : Government vows to ‘intervene more decisively’ to speed up economic growth


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