• State Capture Inquiry

    A Cabinet task team in 2016 asked Standard Bank to keep Gupta accounts open, the inquiry heard.

  • Plan to kickstart economy

    The state's stimulus package will include reforms in mining, telecoms, tourism and transport.

  • Fuel's vicious cycle

    Petrol hikes affect all the country's consumers, businesses and trade linkages, writes Daniel Silke.


Gordhan requests economists to fight for equality

Jul 12 2016 07:02
Lameez Omarjee

Pretoria - It is up to a new generation of economists to achieve equality and inclusive economic growth, according to Finance Minister Pravin Gordhan.

Gordhan addressed delegates of the National Treasury’s Public Economics Winter School, held at the University of Pretoria this week. He encouraged them to “build on the foundation laid by Mandela and Sisulu” to achieve social justice, not only for South Africa but the entire African continent.

“There is a great deal of hopelessness and lack of sense of direction among the poor,” he said.

“Where is this new generation and energy going to come from to evade this wave seeking to sink an equitable economy and the social justice system?” he asked, as he challenged the public economists to use their research to create social and economic transformation.

This would involve addressing growth, poverty and inequality. “Look at how research can influence day-to-day practice,” he said.

In a time of global uncertainty and economic crises, Gordhan said there were no easy answers for the complex issues such as growth and unemployment. Commenting on Brexit, he said that it introduced a new uncertainty to the political economy. “We are figuring what this decision means for global economics.”

He went on to add that in South Africa, the partnership between government, business and labour should convince people around the world that South Africa is still a country worth investing in.

“Despite the difficult environment we are living in, there are better yields from South Africa than many other places in the first world.”

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.



Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Did you find Markus Jooste's testimony convincing?

Previous results · Suggest a vote