Johannesburg - The Democratic Alliance (DA) on Tuesday proposed that Parliament urgently debate new, innovative ideas to revive South Africa's economy after it entered into a technical recession following negative growth for six months.
Statistics South Africa said on Tuesday that the country's economy contracted by 0.7 percent in the second quarter of the year, following a revised 2.6 percent shrinkage in the first quarter, therefore slipping into a technical recession.
DA leader Mmusi Maimane said this recession, the second in two years, was an explicit vote of no confidence in the African National Congress (ANC) government, its economic policy direction, and its ability to create jobs and prosperity for all South Africans.
Maimane said the economy was on life-support as a direct result of a corrupt and failing ANC government which has no plan for our economy.
"Today's announcement marks a continuation of the past decade of economic decline brought about by previous ANC governments. There has been no fundamental change to the ANC's approach to the economy," Maimane said.