A combination of external shocks and internal own goals has left South Africa in a low-growth trap. With the Government of National Unity now prioritising inclusive growth, organised business believes it is also time to rethink the country’s growth strategy. “South Africa must aspire to become a high-income economy. Achieving this necessitates a rethink of the macroeconomic growth policy and strategy,” Business Unity South Africa CEO Cas Coovadia said at a recent conference.
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