The recently released framework for implementing the National Development Plan will help tackle domestic obstacles to growth in South Africa, drive growth in productive sectors of the economy, and cut down on red tape hampering investment, says Deputy President Cyril Ramaphosa.
South Africa's economy grew at 0.6% in the second quarter, following a -0.6% contraction in gross domestic product (GDP) growth in the first quarter, thus avoiding entering a technical recession.
President Jacob Zuma has called on the ministers, premiers and mayors on the Presidential Infrastructure Coordinating Commission to work together urgently and creatively to speed up delivery of the country's infrastructure build.
The National Youth Development Agency, Industrial Development Corporation and Small Enterprise Finance Agency have launched a R2.7-billion Youth Fund aimed at creating millions of sustainable jobs in the country.
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