3 economists rate Minister Malusi Gigaba’s 14-point plan to revive the economy

Finance Minister Malusi Gigaba revealed a 14-point plan to boost South Africa’s tepid economy on Thursday.

He says he’ll deal with corruption and accelerate plans to reform struggling state-owned entities (SOEs).

The Money Show’s Bruce Whitfield interviewed Nazmeera Moola (Economist at Investec Asset Management), Lumkile Mondi (Senior Lecturer at Wits School of Economics and Business Science) and Siya Biniza (Political Economist at Political Economy South Africa).

Whitfield asked them to rate Treasury’s latest economic growth action plan.

Listen to the interviews in the audio below (and/or scroll down for quotes from it).

There are plans, but no leadership or implementation.

Lumkile Mondi

I give it two out of 10.

Lumkile Mondi

We don’t need new, smart ideas. We just need to implement the ideas we do have.

Nazmeera Moola

I give it 6.5 out of 10.

Nazmeera Moola

There’s too much pressure on the Minister, given his mandate.

Siya Biniza

I give it six out of 10

Siya Biniza

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