Projections for medium-term economic growth in the MTBPS are low, at around 1.8% average a year, suggesting that government’s initiatives are not going to lift growth meaningfully. These initiatives are mainly focused on infrastructure using private-public partnerships. However, SA needs sustainable growth above 3% to make an impact on unemployment. In this podcast, STANLIB Asset Management, Chief Economist, Kevin Lings, also notes the evident fiscal slippage this year as well as the elevated level of debt to GDP projected for the next three years.

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