Task team will tackle growth - Mantashe

African National Congress secretary general Gwede Mantashe fields questions from reporters during a news conference in Johannesburg, Monday, 17 January 2011 following the NEC ordinary meeting and NEC lekgotla which took place last week. Picture: Werner Beukes/SAPA

African National Congress secretary general Gwede Mantashe fields questions from reporters during a news conference in Johannesburg, Monday, 17 January 2011 following the NEC ordinary meeting and NEC lekgotla which took place last week. Picture: Werner Beukes/SAPA

Published Jul 30, 2013

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Johannesburg - South Africa will appoint a presidential task team to focus on accelerating growth in the economy, said Gwede Mantashe, secretary-general of the ruling African National Congress, on Monday.

Members of the task team will probably be announced after a Cabinet planning meeting that’s due to take place in the middle of August, Mantashe told reporters in Johannesburg on Monday.

“We will appoint a task team to consult on how the bottlenecks to growth can be addressed,” he said.

The economy is set to expand at its slowest pace since a 2009 recession this year as a recession in Europe and mining strikes curb exports.

The Reserve Bank has cut its forecast for economic growth for this year to 2 percent from 2.4 percent. That’s less than half the rate of expansion the government says is necessary to reach a goal of creating five million jobs by 2020. - Bloomberg

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