Document: South Africa Geared for Growth 2011

South Africa is now experiencing positive growth rates after the global financial crisis. The government’s focus is therefore on implementing a shift from macro-economic stabilisation to micro-economic transformation, and increasing the productive capacity of the domestic economy by strengthening industrial and economic infrastructure. Furthermore, the ‘New Growth Path’ plan of action of government seeks to create 5 million jobs in the next decade.

The centerpiece of the New Growth Path is a massive investment in infrastructure and people. Smart government and better coordination with the private sector and organised labour, can assist with skills development, which will help government to achieve the national goals.

This publication by the Department of Trade and Industry (the dti) highlights the ways in which South Africa has geared itself up for further growth, exhibiting development in a dynamic spread of economic sectors, integrating small and medium enterprises in the wider economy, lowering the cost of doing business in South Africa, reducing regulatory hindrances to development, and supporting labour-absorbing activities.

These cross-cutting economic interventions are evidence of the country’s dedication to generating growth, employment and realising the equitable distribution of wealth among the people of South Africa.