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Patel sells growth plan

Johannesburg – Economic Development Minister Ebrahim Patel met with business, labour and civil society organisations on Thursday morning to sell government's new economic growth path, which was unveiled this week.
 
"The Minister is meeting with unions, business and community organisations. They will discuss the new growth path," Patel's spokesperson Zubeida Jaffer said.
 
Outcomes of the closed meeting are expected later on Thursday.
 
Government says in the growth path that it aims to create five million jobs over the next ten years.

Key industries such as manufacturing, infrastructure and energy will be given more attention.
 
The document makes propositions on inflation, interest rates and possible legislation to cap wage and salary increases.
 
Capping salary and wage increases is problematic, said National Union of Mineworkers spokesperson Lesiba Seshoka.
 
"How do you then address past inequalities. It's sending an assumption that the reasons why there's no employment is because people are earning too much," he said.
 
Spokesperson for Cosatu, Patrick Craven said the labour federation would reveal its views on the growth path at a media briefing on Thursday.

The South African Chamber of Commerce and Industry (Sacci) cautioned on Wednesday against the government's proposal to cap wage and salary increases.

It said such measures could discourage the improvement of productivity and deflect foreign direct investment elsewhere.
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