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The South African government has set out 10 economic priorities to meet the Accelerated and Shared Growth Initiative of South Africa's target to reduce unemployment and poverty by 2014.
South Africa's Cabinet has given the go-ahead for plans to develop the country's biofuels and business process outsourcing industries, which will see billions of rands being pumped into these sectors in a bid to accelerate economic growth and create jobs.
The government is to set up a special unit to help cut through the red tape blocking the growth of South Africa's small business sector, says Deputy President Phumzile Mlambo-Ngcuka.
Deputy President Phumzile Mlambo-Ngcuka, speaking at the launch of IBM South Africa's Integrated Delivery Centre in Johannesburg, said the Accelerated and Shared Growth Initiative for SA would create a highly conducive environment for multinational companies to do business in the country.