HOLLOW ECONOMIC VICTORY MEDIA STATEMENT ISSUED, UDM NATIONAL SPOKESPERSON (7 JUNE 2007)

Whilst the Minister of Finance boasts about South Africa's economic growth to the international monetary conference, he fails to acknowledge that this growth is not matched by equal growth in employment.

Regrettably, we have heard this song before. President Mbeki is also fond of reminding us of the country's economic success, even though unemployment and poverty remains at unacceptably high levels. Under ANC rule, the gap between the have's and the have -nots has grown. Where is government's new and original plans to address job creation and poverty? Growth without improving the basic living condition of the masses is just a hollow economic victory.

We contend that government is not doing enough and a skewed economic policy approach is leading to the neglect of social policy questions.

Back to 2007 Archive