Sanlam chief economist Jac Laubscher puts the New Growth Path framework released by President Jacob Zuma’s government a week ago alongside the Accelerated and Shared Growth Initiative for South Africa, AsgiSA, and finds its mostly been around a while.
If Thabo Mbeki’s government could not crack the constraints, what’s different now?
Ebrahim Patel, the minister of economic development, says the difference is a new team in the Union Buildings and a more dire global and local economic situation.
Here is Laubscher’s analysis: