SA needs aggressive infrastructure budget to create jobs

He brought President Cyril Ramaphosa into the picture after he recently boasted about the economy turning the corner.

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Gqubule believes there was no evidence to back the head of state's assertion.

This is due to the Treasury and the Reserve Bank forecasting GDP growth for this year at 1.5% and 1.4%, respectively.

“There is a relationship between GDP growth and jobs. With 1.5% GDP growth, we are not going to create enough jobs for the people who need them.”

Ramaphosa in his recent State of the Nation Address, also bragged of the R1-trillion infrastructure budget.

Gqubule said R1-trillion was too little to stimulate economic growth, adding that Godongwana needed to raise the stakes to R2.4-trillion to create jobs.