Finance Minister Malusi Gigaba has advised the ANC's incoming leadership to prioritise building inclusive growth in the economy through radical economic transformation.
"Our economic discourse must transcend the fear of loss or desire to maintain current privilege... Growth without transformation is unjust. But transformation without growth is similarly self-defeating," he said.
"If I may be so bold I would like to take this opportunity to suggest to incoming leadership... the most important task for the ANC is to lead the country to achieve inclusive growth through RET as quickly as is possible."
Gigaba was speaking at the ANC's Progressive Business Forum breakfast at the party's national conference in Johannesburg on Saturday.
He said the state needed to build strategic coalitions with the business sector and turnaround investor confidence.
#ANC54 Gigaba: "The State needs the ability to build strategic coalitions...The excitement of liberation wears off and people start asking what has this State achieved to changed our lives." @HuffPostSA— Amil Umraw (@Amil_Umraw) December 16, 2017
#ANC54 Gigaba said apartheid denied the right to improve the living conditions of all people in SA. "What the Chinese can teach all of us...is that the people do not eat ideologies and dogma". @HuffPostSA— Amil Umraw (@Amil_Umraw) December 16, 2017
He said government's immediate challenge is to bring an end to policy uncertainty. He then offered up a number of priorities in a plan to fix the country's economy.
@ANC54 Gigaba: 1) Need to address education quality and access. 2) Invest in human capabilities at a massive scale. 3) Improve policy and regulatory environment. 4) Government needs to move at the speed of business.@HuffPostSA— Amil Umraw (@Amil_Umraw) December 16, 2017
#ANC54 Gigaba: ...5) Need to invest in knowledge and innovation. 6) Need a dynamic SME sector. 7) Address the trust deficit in government and private sector. 8) Need to address state capture. 9) Address governance failures in the financial sector. @HuffPostSA— Amil Umraw (@Amil_Umraw) December 16, 2017