Document: National Industrial Policy Framework

Over the past few years it has become evident that South Africa’s economy is capable of performing at even higher than current levels.

Thus Government aims, principally through the Accelerated and Shared Growth Initiative of South Africa (ASGI-SA), to push toward its goal of halving unemployment and poverty in South Africa by 2014 by attaining 6% growth per annum in gross domestic product (GDP) by 2010.

To reach this target, the South African economy will need to undergo some fundamental restructuring. For this restructuring, a strong and coherent industrial policy will be of central importance.