Finance Minster Malusi Gigaba says SA economy may grow by 2% in 2018 if government makes the correct policy decisions.
Dennis Dykes, chief economist at Nedbank, says that incorrect policy-making is what has been holding the economy back, and it is up to government to actively change that.
I think it is within government to get us to the 2 % growth rate, but its going to be a tough ask, because the kind of things that have been holding back investment have been things like the revised mining charter, a lot of the legislation which looks threatening to investment. So consequently, we've not seen the correct decisions being made.— Dennis Dykes, Chief Economist at Nedbank
Dykes says another cloud over the economy is leadership in the ANC, but adds if all these issues are addressed, then we can achieve quick growth in the economy.
We are going to have to see very quick and decisive action to attain that kind of growth.— Dennis Dykes, Chief Economist at Nedbank
Listen to the full interview below:
This article first appeared on 702 : 'Quick and decisive action needed to grow economy'