The state will focus on inward opportunities to grow the economy by 3% by 2019, but critics say Zuma is "deluded" and his plans "flights of fancy".
"People are being lifted out of poverty, incomes are up, the middle class is growing and young people like you are harnessing technology."
The Reserve Bank’s Quarterly Bulletin shows real economic growth in the third quarter would have been 3.1% were it not for the metals sector strike.
The finance minister said government is committed to lowering the budget deficit but a sluggish economic growth outlook will present a challenge.
ANALYSIS: A frail currency pushes up inflation and has no effect on productivity.
Increased imports, reduced exports, a weaker rand and closing firms conspire against Zimbabwe's recovery.
Gordhan straddles a tightrope of reducing the budget deficit while needing to spend on growth.
Those who come to power need to govern in the interests of all, taking into account the needs of minorities.
How South Africa stacks up against Brics, Africa and the US determines its fiscal impetus.
Warnings were sounded for months, but now the prospect of stagflation is a real concern.
South African credit growth has accelerated for the first time this year to 9.1% in April.
South Africa may miss its economic growth target this year, curbing tax revenue and leading to bigger-than-planned budget deficit.
Stock markets, which have been pushing to record levels as central banks flooded the world with cash, stumbled last week.
Growth figures from Europe and Japan will dominate this week's data calendar. Here is your guide to the week ahead.
Africa's growth might help to reassure sceptics who were concerned about the sustainability of the continent's dependence on mining.
A slew of data from China and central bank decisions in the UK, Australia and Kenya will likely dominate this week's economic news.
It may not be immediately obvious, but South Africa's burgeoning black middle class is the country's largest driver of growth.
The black middle class has grown from strength to strength and, as a result of doubling in size in the past decade, it has made its mark on sectors.