Mr Speaker, in order to create jobs, South Africa needs to achieve rapid economic growth, but the reality is that in the two years since the adoption of the New Growth Path, we have not been able to do this. However, in this weak global economy, other developing economies are. Malaysia is growing at 4,7%, Chile at 5,6%, Peru at 6%, while South Africa is growing at only 2,5%.
The thing is that the New Growth Path, with its antiquated ideas like wage caps, a state mining company, and a state bank, has actually put us on a slow growth path, because it favours state-led growth and fails to pursue the necessary reforms that will help to unleash economic growth. Does the Deputy President agree that this government should rather get behind the market-led growth strategy of the National Development Plan, NDP, that was handed over to the President this morning?