NATIONAL NEWS - Finance Minister Enoch Godongwana says topping his “to-do list” to bolster SA’s economic growth includes reforming the electricity supply, addressing spectrum issues and improving logistics infrastructure and capacity at ports.
In a speech on Thursday at the Sunday Times National Investment Dialogue virtual event, he reiterated government’s commitment towards addressing major structural economic issues, effectively backing his predecessor
Tito Mboweni’s “Operation Vulindlela” reform plan. Godongwana struck a pragmatic tone, saying that an inclusive economy led by local investors is central to the country’s economic recovery plan. He said this was key to addressing the high unemployment, poverty and inequality challenges SA faces.
“The [reform] plan envisages new investments in energy, water and sanitation, roads and bridges, human settlements, health and education, digital infrastructure, and public transport,” he said.
“We need investment, particularly domestic investment.”