Economic Update - World Bank

Economic UpdateTHE World BANK GROUP africa REGION POVERTY REDUCTION & Economic MANAGEMENT JULy 2011 IssUE 1 south AfricaFocus on savings, Investment, and Inclusive GrowthEconomic UpdateSouth AfricaFocus on Savings, Investment, and Inclusive Growth 2011 The International Bank for Reconstruction and Development/THE World BANK1818 H Street NWWashington, DC 20433 USAAll rights reservedThis report was prepared by the staff of the africa Region Poverty Reduction and Economic Man agement. The findings, interpretations, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the World Bank s Board of Executive Directors or the countries they credits: John Hogg and Trevor Samson, World report was designed, edited, and typeset by Communications Development Incorporated,Washington, viForeword viiExecutive summary ixSection 1 Recent Economic developments and prospects 1 Global trends: Devel

SouTh AFRICA Economic UpdatE—FocUs on savings, invEstmEnt, and inclUsivE growth iv 2.3 Saving‑growth for four successful emerging market economies 28 2.4 Stokvels in South Africa 30 2.5 Developing Factory Southern Africa—Lessons from Factory Asia 31

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