Cape Town - While the provincial economic review and outlook and the municipal economic review and outlook forecast a slow economic recovery, the Western Cape’s economy will grow at a faster rate than the rest of the country, according to Finance and Economic Opportunities MEC David Maynier.
“The Pero and Mero outline the considerable challenges we face as a result of pre-existing risks such as an unstable national economy with increasingly unsustainable debt levels, load-shedding, the continued burden of failing zombie state-owned enterprises like SAA, together with new risks as a result of the Covid-19 pandemic,” Maynier added.
Maynier said Premier Alan Winde will on Thursday announce a new set of post-Covid-19 priorities to deliver “jobs, safety and dignity”, which together form the pillars of the province’s recovery plan.Good Party’s Brett Herron said: “Maynier’s commitment to create an enabling environment for private sector-led growth was so trite, it bordered on totally irrelevant.
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