The head of the ANC’s economic transformation subcommittee, Mmamoloko Kubayi has confirmed that South Africa will not meet the targets set out in National Development Plan by 2030. “As the NDP’s goals for economic transformation by 2030 are clearly not being achieved, it would be important to reset our time frames and refocus on our key economic goals,” she said. This, Times Live reports could include an increase in the share of all household income for the poorest 80% of households, an increase in the share of young people aged 18 to 25 with matric and a concomitant increase in the employment ratio, a doubling in the number of small formal businesses, including farms, and an increase in the minimum wage in real terms per year by 2035.
