Chair, I want to respond, firstly, to the statement by the hon Mnguni. I think the hon member is quite right to be concerned by the escalating personal debt, although of course we know that consumption expenditure is driving growth.
The hon member refers to reckless borrowing. I think we need to recognise that it takes two to tango - that for every borrower there is also a lender. And, I think, that what we are seeing is perhaps not just households being reckless in their decisions, but also a proliferation of opportunities and all sorts of inducements to take credit from all kinds of levels of the financial sector.
We need to be clear that what we have in place is the National Credit Act, which deals with the issue of reckless lending. What we will be vigilant about from government's side is to avoid a situation in which people are induced to take on debt, and then they find their names in the credit bureau and they don't have access to credit in the future. The National Credit Regulator is hardly in place, but we will be looking to it to be vigilant in instances of reckless lending and to act appropriately in that case.
I'd also like to say a little bit on one aspect of the statement by Dr Rabie. I must say that I need to have my annual look at the DA's economic policy. I'm surprised to hear that the DA's economic policy is about subsidies for employment and sector policy. I always thought it was about tax cuts for the rich and market fundamentalism. Nevertheless, I need to have another look.
I want to say to him regarding the one thing he did say about a customised sector programme for the clothing and textile sector, that, in fact, I think he is completely mistaken on that. Considerable work has been done on a clothing and textile CSP. It has been approved largely in its overall shape by most of the stakeholders, which, I think, is no mean achievement. There are 50-odd key action plans. This CSP needs only minor tweaking, and then an implementation strategy. So considerable work has actually been done on a clothing and textile CSP. I just wanted to inform the hon member about that. Thank you.