‘Government’s collaborative approach beginning to yield results in economy’: ANC

The African National Congress (ANC) credited the “collaborative approach” of the government it leads for the “positive Gross Domestic Product growth figures as released by Statistics South Africa” this week.

The party’s Zizi Kodwa said on Wednesday evening that the “better-than-expected growth of the South African economy by 3.3% in the second quarter” was a result of the administration “working together with organised labour‚ business and civil society is beginning to yield the desired results in our economy”.

“As we continue to embattle the effects of a debilitating global economic crisis and almost four years of deceleration in our country’s economic growth rates‚ the ANC is encouraged by recent positive signs in the economy including a resilient rand and the fastest quarter-on-quarter rise in economic activity since 2014‚” Kodwa added.

As it was “underpinned by positive performance in manufacturing and mining”‚ the results “reflect a functional industrial sector”‚ and Kodwa said the “ANC calls upon all stakeholders within these sectors to build on the successes of their collaborative approach”.

“It is only through such an approach that South Africa can realize faster employment growth and promote investment.

“The ANC reiterates its commitment fundamental economic transformation characterised by‚ amongst others‚ raising the level and inclusivity of economic growth through prudent management of the South African economy.”