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Economy needs a cash injection to recover, Parliament hears

South Africa s growth is being stalled by the state, the private sector argues. iStock The Parliamentary Budget Office said an injection of money into the economy or increase in social wage through grants and services could aid growth. The submission said investment in infrastructure and expenditure that increases household consumption could crowd-in investment. The submission said the South Africa economy faced a concentration, profits and low levels of investment from the private sector. The economy needs a cash injection – more disposable income for households, or an increased social wage through grants and service provision, Parliament s Select Committee on Finance heard on Wednesday.

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