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GROWTH, EMPLOYMENT AND REDISTRIBUTION A …

growth , EMPLOYMENT AND REDISTRIBUTION A MACROECONOMIC STRATEGYT able of CONSIDERATIONS: A FRAMEWORK FOR growth page POLICY page AND EXCHANGE RATE POLICY page , INDUSTRIAL AND SMALL ENTERPRISE POLICIES page AND SECTORAL POLICIES page INVESTMENT AND ASSET RESTRUCTURING page , WAGES AND TRAINING page A NATIONAL SOCIAL AGREEMENT page COORDINATION page 21 Published by the Department of Finance, Republic of South Africa, Private Bag X115, Pretoria 0001,fax number (012) 323 Minister of Finance, Trevor Manuel, the Deputy Finance Minister, Gill Marcus and theActing Director General, Maria Ramos, wish to acknowledge the contribution of the technicalteam comprising the following individuals:Andre Roux, coordinator (Development Bank of Southern Africa)Iraj Abedian, coordinator (University of Cape Town)Andrew Donaldson (Department of Finance)Brian Khan (University of Cape Town)Ben Smit (University of Stellendbosch)Daleen Smal (South African Reserve Bank)Alan Hirsch (Department of Trade and Industry)Guy Mhone (Department of Labour)Ernie van der Merwe (South African Reserve Bank)Ian Goldin (Development Bank of Southern Africa)Stephen Gelb (University o)

• a faster fiscal deficit reduction programme to contain debt service obligations, ... it is not a development path which meets the goals South Africans have set for themselves. Firstly, in the context of 3 percent growth, and without significant improvements in labour absorption ... exacerbating the burden of interest payments on the fiscus ...

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