POLICY PERSPECTIVE

How the seeds of South Africa’s growth will be planted, according to finance minister Godongwana

By Xolisa Phillip

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Posted on January 28, 2022 18:06

The South African government, led by finance minister Enoch Godongwana, is looking for evidence-based and data-driven solutions to economic problems, including high unemployment, low growth and endemic poverty.

Greater integration of Africa’s markets represents a boon not only for South Africa’s economic development but also for that of the continent as a whole, says finance minister Enoch Godongwana.

“Trade is central to the economic growth of all of us,” according to Godongwana, who has been South Africa’s finance minister since August 2021.

He also chairs the governing African National Congress’s (ANC) economic transformation sub-committee. In addition, Godongwana is a member of the ANC’s national executive committee, the party’s highest decision-making structure between elective conferences.

“The integration of markets in Africa is central to enhancing the economic development not only of South Africa but [also that] of the continent as a whole,” said Godongwana. “There’s potential for South Africa to become an engine for intra-regional trade and industrial development by linking other

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