Briefly discuss how the south African government address economic growth constraints
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Government says it will continue to implement reforms to increase the growth potential of the economy and improve the credibility of South Africa’s policy decisions.
In addition to this, government will maintain South Africa’s strengths, such as an independent Central Bank, an inflation-targeting regime with inflation consistently within the target range, low levels of foreign-currency debt and a clear fiscal consolidation plan.
“Government will continue to collaborate with business, labour and civil society to restore confidence in the economy and address the structural constraints to economic growth,” Communications Minister Nomvula Mokonyane said on Thursday.
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