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Economists underwhelmed by Gigaba's economic action plan

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Finance Minister Malusi Gigaba. (Pic: Gallo Images)
Finance Minister Malusi Gigaba. (Pic: Gallo Images)

Johannesburg – There is nothing profound about government’s 14-point plan to revive the economy and most of the interventions are not new, economists have said.

Investment analyst Chris Gilmour, who spoke to Fin24 following Finance Minister Malusi Gigaba’s announcement on the action plan for the economy on Thursday, said it is achievable but won't make a difference.

“It is business as usual and I don’t think this is the kind of profound change I was looking for … We were led to believe 10 days ago that something of an order of 6% (growth) would be forthcoming.

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