JOHANNESBURG, Dec. 21 (Xinhua) -- With South Africa's economic growth predicted to grow at 0.8 percent for 2018, a colloquium to discuss proposals that would help accelerate growth levels convened in Pretoria on Friday.
Local and international economists present at the event are called by Finance Minister Tito Mboweni to look at his economic policy in an effort to revive growth.
Mboweni said that the stagnant growth could be disastrous for the economy.
"South Africa's economy is not growing at a rate which we like, and that has a number of implications for all of us," the minister said before the start of the event which was held behind closed doors.
"The most significant implication is poor revenue collection which leads to other things," Mboweni said, adding that the economic growth has not kept up with population increase.
Discussions at the colloquium would place emphasis on interventions that encourage new models to support faster economic growth. Proposal emanating from the conference would be submitted to cabinet in 2019.
