South Africa's New Growth Plan is Fair on Businesses, Minister Patel Says
South Africa’s new growth plan provides a fair balance between what the state and businesses can do to create jobs and boost economic growth, Economic Development Minister Ebrahim Patel said.
The government’s role is to provide the core functions that will create the space for the private sector to add jobs, such as infrastructure, skills development and addressing price collusion, Patel said in a column in the Johannesburg-based Business Day newspaper.
“If we relied on existing initiatives, we could not hope to step up across the economy,” he said.
The plan, which aims to generate five million new jobs by 2020, creates a framework for debate on what is needed for growth and job creation and should encourage debate, Patel said.
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