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Investor Awareness of South African Industrial Policy Action Plan Still Low, says Frost & Sullivan

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8 Pages
English

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Investor Awareness of South AfricanInvestor Awareness of South African Industrial Policy Action Plan Still Low, says Frost & Sullivan PR Newswire CAPE TOWN, South Africa, Oct. 8, 2013 - Call for action and collaboration between all sections of society required to achieve national economic growth of 5.4 percent a year, as per NDP South Africa is now growing slower than most other African economies. According to the United Nations Economic Report on Africa 2013, South Africa has been ranked amongst the five slowest growing African countries since 2008. The number of unemployed South Africans increased by 122,000 in Q2 of 2013; the World Economic Forum (WEF) 2012-13 report highlights a decline of South Africa's competitiveness, both globally and relative to African economies. New analysis from Frost & Sullivan (An overview of the South African National Development Plan 2030 and the Industrial Policy Action Plan), aimed at increasing awareness amongst current and future investors (domestic and international), captures the essence of the aforementioned programmes, both addressing the long-term vision of South Africa's growth and development. Conceived as a roadmap for South Africa, and now entering the implantation phase, the National Development Plan (NDP) offers a comprehensive diagnosis of challenges ahead, but also proposes potential interventions, in the form of ambitious targets and priorities for all sections of society.

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Published 08 October 2013
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Investor Awareness of South African Industrial Policy Action Plan Still Low, says Frost & Sullivan

PR Newswire

- Call for action and collaboration between all sections of society required to achieve national economic growth of 5.4 percent a year, as per NDP

South Africa is now growing slower than most other African economies. According to the United Nations Economic Report on Africa 2013, South Africa has been ranked amongst the five slowest growing African countries since 2008. The number of unemployed South Africans increased by 122,000 in Q2 of 2013; the World Economic Forum (WEF) 2012-13 report highlights a decline of South Africa's competitiveness, both globally and relative to African economies.