GOOD movement submits recommendations
15 September 2019
Last month, Minister of Finance Tito Mboweni, released a proposed strategy to add 2.3% to South Africa’s economic growth trajectory. He shared the strategy with the public calling for comment by today.
The GOOD movement has included a series of pragmatic and constructive suggestions to fix South Africa in its formal response to the National Treasury Report, “Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa”.
The proposed economic strategy closely accords with the GOOD plan to fix South Africa through advancing economic, spatial, social and environmental justice, and therefore has GOOD’s broad support.
However, the GOOD submission raises a flag that the economic strategy does not deal specifically with poverty and inequality. The strategy appears to assume that GDP growth will address inequality. Rising inequality, despite growth, across the world demonstrates that this is not true.