Cape Town – South Africa must not fall for Trump-style capitalism, Finance Minister Pravin Gordhan said on Wednesday.

Referring to leading Republican presidential candidate Donald Trump, Gordhan said business, labour and government must work together to create a growth economy that benefits all parts of society.

Trump is well-known for his controversial plans for the US. Last week President Obama hit out at Trump’s "crazy" economic policy proposals, lashing out at his promises to tear down financial regulations.