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With South Africa’s stagnant economic growth projected to grow below 1 percent in 2019, the government has been urged to implement the necessary policies that would revitalize growth.

Economist Jannie Rossouw, head of Business and Science School at Wits university, said time for talking about the problems facing economy was over.

Business24

“At this point in time, it’s important to see things happening. We have heard many remarks, we talked a lot about the problems and the solutions, but it’s time that we start implementing urgently,” he told Xinhua on Monday.

This follows President Cyril Ramaphosa’s announcement of an Economic Advisory Council tasked with developing economic policies to assist the country’s poor growth.

“The Council was announced by the president to ensure greater coherence and consistency in the implementation of economic policy and ensure that government and society in general is better equipped to respond to changing economic circumstances,” statement from the Presidency said.

Ramaphosa is set to chair the team which is made up of both local and international economists and meet on a quarterly basis .

A total of 18 names of experts with expertise in international economics, macroeconomics, monetary policy, economic labor, energy, education, inequality and urban development were announced.

Turkish professor Dani Rodrik, Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University, is part of the Council. Enditem

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