In 2030, South Africa's economy is inclusive and dynamic. The fruits of growth are shared fairly. The economy has close to full employment, equips people with the skills they need, ensures the ownership of production is more diverse and able to grow rapidly, and provides resources to pay for investment in human and physical capital.
The digitalisation of the economy offers a huge leapfrogging opportunity to Africa, as the continent bypasses older technology to immediately embrace the new. This was the starting point of a WEF Africa discussion on the economic potential of digital technology.
With strong measures introduced in the 2016 Budget to turn the South African economy around, business leaders have committed to work closely with the government to ramp up economic growth, create jobs and strengthen public finances.
At the 2015 EY Strategic Growth Forum on Africa, South Africa's deputy president Cyril Ramaphosa said that if companies want to expand into Africa, they would need to understand that the continent is diverse and that growth strategies need to be tailored according to each country's needs.