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Govt's economic plan just a 'vision', not an implementable plan - Thabo Mbeki Foundation

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Former president Thabo Mbeki.
Former president Thabo Mbeki.
Darren Stewart

Government's economic reconstruction and recovery plan is a "vision" and not the "transformative plan" the country needs, the Thabo Mbeki Foundation has said.

On Thursday, the foundation released a paper in which it provides an analysis on several economic recovery plans released last year for the country as it navigates the Covid-19 crisis. The country was expected to have contracted by 7% last year due to the impact of lockdowns restricting economic activity in an effort to slow the spread of Covid-19 and to help the health system manage cases.

Overall, the SA economy is expected to make a recovery this year with modest growth levels. The Reserve Bank sees the SA economy growing by 3.6%. By comparison, the International Monetary Fund forecasts growth of 2.8%.

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