Tag: economic growth
After more than two decades of work, Mozambique is now clear of landmines - freeing up valuable agricultural land, opening up tourism and infrastructure development, and ensuring the safety of rural communities.
African countries are collaborating to remove barriers to inter-country trade on the continent, President Jacob Zuma says on the sidelines of WEF. Allowing investors to move freely across borders is necessary for business to flourish, and red tape preventing this is being cut by governments.
Tight fiscal policy and well-targeted social support, such as child and disability grants and free basic services, have helped to lift millions of people out of poverty. If South Africa can ride out external factors, the World Bank states, its economy will grow and its social programmes will continue.
Three possible scenarios have been sketched for South Africa's growth. Under Mandela Magic, the country will boom. The National Development Plan is key to achieving this potential of high economic growth, equality and increased employment.
Tax breaks for low income earners, but an increase in the fuel and road accident levies and in sin taxes. The finance minister pulled off a careful balancing act in a slow economy and an election year, tightening the reins on public spending but laying the foundation for the National Development Plan.