'Quick and decisive action needed to grow economy'

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.

READ: Second tier cities could save SA's economy says Alexander Forbes Lesiba Mothata

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'


Recommended

by NEWSROOM AI
Read More
Second tier cities could save SA's economy says Alexander Forbes Lesiba Mothata

Second tier cities could save SA's economy says Alexander Forbes Lesiba Mothata

Exec Chief economist at Alexander Forbes, Lesiba Mothata believes that the potential of second tier cities have not been harnessed

 We’re very pleased with Cyril Ramaphosa - Sandile Zungu (advisor to Jacob Zuma)

We’re very pleased with Cyril Ramaphosa - Sandile Zungu (advisor to Jacob Zuma)

The Money Show’s Bruce Whitfield interviews President Jacob Zuma's economic advisor Sandile Zungu.

Sars tightens the lid on counterfeit goods

Sars tightens the lid on counterfeit goods

In 2016, 158 000 items valued at R5 mill were confiscated, but 2017 sees a jump to 2 mill items with goods valued at over R62 mill

There’s a patch of plastic twice the size of the USA in the Pacific

There’s a patch of plastic twice the size of the USA in the Pacific

"In the week it took to cross, no matter what time of day I looked, plastic debris was floating everywhere..."

You can now build a house using sandbags

You can now build a house using sandbags

Eco-Building is a licensed operator in South Africa which is fully accredited to construct sandbag buildings.

Popular articles
Adriaan Basson the second journalist to lay a charge against an EFF member

Adriaan Basson the second journalist to lay a charge against an EFF member

Earlier on Friday, Karima Brown laid a charge of intimidation against a party member who sent her what she says is a threatening text.

'Love your vulva the way it is' - Designer vaginas are dangerous, warns Dr Eve

'Love your vulva the way it is' - Designer vaginas are dangerous, warns Dr Eve

So-called 'designer vaginas' are created through various surgical or non-surgical procedures, explains clinical sexologist Dr Eve.

Two Gauteng mayors before ANC Integrity Commission for hampering VBS probe

Two Gauteng mayors before ANC Integrity Commission for hampering VBS probe

The ANC says this decision was taken because the two are said to be frustrating forensic investigations.

'Cyril is the most popular president since Nelson Mandela'

'Cyril is the most popular president since Nelson Mandela'

Author Max de Preez weighs in on where SA would be if Jacob Zuma was still president and the impact of Ramaphosa now.

Kirstenbosch curator's widow thanks hospital's 'unsung heroes'

Kirstenbosch curator's widow thanks hospital's 'unsung heroes'

Kirstenbosch National Botanical Gardens curator Phillip Le Roux died on Wednesday after a horrific cycling accident.

Here is what to do if you're affected by driving licence backlog

Here is what to do if you're affected by driving licence backlog

The WC Traffic Department has made provisions to cater for motorists affected by the backlog with the issuing of driving licences.

CapeTalk welcomes Lester Kiewit to line-up

CapeTalk welcomes Lester Kiewit to line-up

Well-known Cape Town broadcast journalist, Lester Kiewit will be back on the radio in the new year.

Cause of capsized catamaran outside CT harbour under investigation

Cause of capsized catamaran outside CT harbour under investigation

All eight people, including tourists and crew, were safely rescued from the capsized vessel near Table Bay on Monday evening.