South African Economy

South Africa’s President Cyril Ramaphosa has stressed that a new growth strategy needs to be adopted to turn the economy around. Ramaphosa said the country is taking firm action to grow the economy and create jobs. This week the president revealed his new economic advisory council, according to Ramaphosa the council will aim to ensure greater coherence and consistency in the implementation of economic policy and ensure that government and society, in general, are better equipped to respond to changing economic circumstances. The new economic advisory council is also intended to build a capable state. This is on the backdrop of rising unemployment and the job crisis facing the country.• Professor Raymond Parsons is a professor at the North-West University School of Business and Governance. • Professor Jannie Rossouw is the Head of the School of Economic and Business Sciences at the University of the Witwatersrand