South Africa holds symposium to boost stagnant economic growth

Finance Minister Tito Mboweni. Photo: RR

NEWSROOM (ADV) – With South Africa’s economic growth expected to grow 0.8% in 2018, a symposium was held in Pretoria on Friday to discuss proposals that will help spur growth.

Local and international economists at the event have been invited by Finance Minister Tito Mboweni to look at his economic policy aimed at boosting growth.

Mr. Mboweni explained that stagnant growth could be disastrous for the economy.

“The South African economy is not growing as we would like, and this has implications for all of us,” said the minister before the start of the event, which was held behind closed doors.

“This includes weak tax collection, which affects other things,” he added.

The symposium discussions will focus on interventions that encourage new models supporting faster economic growth. The proposals resulting from the conference will be submitted to the government in 2019.

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