Riyaz Patel
Finance Minister Tito Mboweni’s plan to pull the economy out of its longest downward cycle since 1945, is seemingly putting him on a collision course with cabinet colleagues, fellow ruling-party members and labor unions.
Treasury’s economic policy paper: ‘Economic Transformation, Inclusive Growth, and Competitiveness: Towards an Economic Strategy for South Africa’ was released on their website late Tuesday.
The paper – open for the public comment until September 15 – places huge emphasis on the role of the private sector in the generation of investment and jobs.
Cosatu deputy general-secretary Solly Phetoe says the document should have first been discussed and debated in the National Economic Development and Labour Council (Nedlac).
“Because that paper has not gone through structures of the alliance of the ANC has not gone the processes of government. I’m sure even the president, if you would call him, he would not be aware of that paper,”
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