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Opinion | Banking is the backbone of economic growth. The industry has a tough task ahead

Broadcast United News Desk
Opinion | Banking is the backbone of economic growth. The industry has a tough task ahead

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Bongiwe Kunene (provided/BASA)

Bongiwe Kunene (provided/BASA)

The banking business is about financing investments in sustainable, commercially sound companies, entrepreneurs and economic infrastructure, thereby supporting economic growth and job creation. The industry is ready to start taking action. Thank you so much.

The reappointment of Enoch Godongwana as Finance Minister and David Masondo as Deputy Finance Minister is an important signal that the Government of National Unity will continue to implement fiscal policies aimed at maintaining responsible and sustainable spending on social and economic infrastructure and reducing the national debt.

The appointment of Ashor Sarupen as Deputy Minister of Finance will strengthen the government team charged with the important task of restoring South Africa’s fiscal health and promoting inclusive economic growth, which is the only way to address unemployment, poverty and inequality that threaten the country’s social stability.

South Africans need to be informed if we want to create a prosperous future. News24 has been providing news to the nation for 25 years and we are about to enter a new chapter of fearless journalism. Join us for a free subscription trial to unlock this story and a world of news designed to inform, empower and inspire.

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