National Treasury’s action plan may not be enough – economists

Industry is not viewing Finance Minister Malusi Gigaba’s new 14-point plan as likely to stimulate the growth South Africa desperately needs. Rather, economists are viewing it as a group of administrative measures that will only move to stabilise the battered economy. Released on Thursday, Gigaba’s plan mapped out measures aimed at reversing South Africa’s downward recessionary economy, helping to break the country out of its low-growth trap.