Cape Town - South Africa needs to ignite its growth engine and restructure the economy to avoid being stuck in a low growth trap, according to Deputy Minister of Finance Mcebisi Jonas.
In an address to the Gordon Institute of Business Science's Think Tank Event on Monday evening, Jonas clarified that this growth "must be inequality reducing. This is at the heart of the notion of inclusive growth". And playing the blame game won't help anybody: "Rather than blame each other, we should accept that things need to change – change radically as we are saying in the ruling party."
FULL SPEECH: Mcebisi Jonas warns of low growth trap