Gigaba: price to pay for inequality

Malusi Gigaba the Home Affairs Deputy Minister, brief media on successes in stoping undesirable people coming into South Africa during World Cup. 150610 Picture: Sarah Makoe

Malusi Gigaba the Home Affairs Deputy Minister, brief media on successes in stoping undesirable people coming into South Africa during World Cup. 150610 Picture: Sarah Makoe

Published Nov 13, 2012

Share

There is a high price to pay for social inequalities, Public Enterprises Minister Malusi Gigaba said on Tuesday.

“We must make the necessary strides towards inclusive growth and development,” Gigaba said at a business breakfast in Fourways.

“The political and economic systems must be fair, reputable and promote social justice and inclusion. We all realise that there is a high price to be paid for inequality and it is a social course that we will bear heavily if nothing is done.”

Gigaba said greed should not play a role in development.

The government established a presidential infrastructure co-ordinating commission to correct government and market failures, by co-ordinating allocation of resources in growth-enhancing sectors of the economy.

The country would not realise meaningful social and economic justice if capital was not allocated.

Gigaba said national economic recovery would only be achieved if all social partners worked together.

“Government has mobilised all relevant stakeholders... to respond to the immediate challenges associated with the global economic crisis and to build South Africa's future economy,” Gigaba said. - Sapa

Related Topics: