A working paper that models a scenario of 8 percent annual economic growth for
The central bank first issued a statement that it did not model the DA's economic policy two weeks ago after the opposition party's economic manifesto launch.
Now, though the bank published a working paper in July last year that outlined how the country could achieve 8 percent growth, Gordhan dismissed the target as "theoretical".
He said: "Firstly it's not a
The minister said achieving 8 percent growth was not a matter of switching something on and then it happened.
Conditions like removing energy and logistics constraints, training a better skilled workforce and creating the right climate for investment would need other initiatives on top to boost the economy before any of these numbers could be achieved.
"There are lots of ifs and buts before you can get to 8 percent… Similarly, in the National Development Plan there are lots of ifs and buts as well to get the 5 percent growth that we want."
He said the media and the political parties that claimed the
The paper bears the bank's copyright sign but Gordhan said it was written by three individuals who worked for Treasury at some stage, but it was not the bank's official policy.
"I hear that some leader somewhere says the
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