IMF’s Lipton argues for greater economic inclusion in South Africa
David Lipton urges reforms to remedy fact that one-third of working population “effectively excluded” from economy
The first deputy managing director of the International Monetary Fund has told South African policy-makers they must act to address the one-third of the working population that is "effectively excluded" from the economy.
Speaking in Johannesburg, David Lipton emphasised that "the cost of insufficient action has reached a critical point" in South Africa and that it is now time for a "new approach".
"It is just not a matter of tax cuts or spending increases. Rather, it is a question of fundamental
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