Rebuilding SA by rebuilding its confidence
SA has challenging political, economic and social issues, but the economy must be transformed without self-enhancing agendas for a political elite
The SA economy, like many emerging and developing economies, has high levels of poverty. As with many such countries, there are three primary objectives to reducing poverty, unemployment and inequity. These three objectives take precedence over almost all other goals.
The only long-term means of achieving these objectives is to increase the country’s economic growth rate. SA is in a unique position to achieve these objectives as it has an abundance of natural and human resources with a robust infrastructure to build on. The natural resources, in terms of commodities, are some of the richest in the world, while the country has available a skilled workforce and an abundant unskilled workforce. ..