Transcription of Towards an Economic Strategy for SA - National Treasury
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Towards an Economic Strategy for SA - National Treasury
Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa Prepared by Economic Policy, National Treasury Abstract: The combination of low growth and rising unemployment means that South Africa's Economic trajectory is unsustainable. Government should implement a series of growth reforms that promote Economic transformation, support labour-intensive growth, and create a globally competitive economy. We start by highlighting five fundamental building blocks of sustainable long-run growth and then identify a series of specific and detailed reforms to raise potential growth.
A small business and innovation fund is being created to focus on the ideation and start-up phases of a business where the market failure in small business finance is most binding. • Government support, in the form of incentive programmes, needs to be better communicated and simpler to apply for, especially for small business.
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