Thursday, November 04, 2010

Some reflections on the new growth path—

Some reflections on the new growth path—
Floyd Shivambu—
November 2010
The celebrated new growth path was in a manner reminiscent of GEAR unveiled by the Minister of Finance on the 27th of October 2010 after a special cabinet meeting which deliberated and adopted the strategy. There were of course many expectations on what was going to be new in the growth path, which cabinet had to convene a special meeting to adopt. The Medium term budget policy statement presented by the Minister revealed that there is completely nothing new in the new growth path, because the same neo-liberal ideological underpinnings of South Africa’s economic planning are once again parroted in the growth path.

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