The R49-billion agro-processing sector has the potential to make a big dent in both South Africa's trade deficit and its unemployment figures, Trade and Industry Minister Rob Davies said during a meeting with CEOs of the country's food processing industry on the weekend.
South Africa's agriculture sector created 65 000 new jobs between 2009 and 2013, reversing a trend of farming job losses in the country that stretched back to the 1970s, Economic Development Minister Ebrahim Patel said on Tuesday.
South Africa will focus its efforts on economic growth over the next five years, backed up by increased investment in electricity and transport infrastructure and a range of measures to stimulate industrialisation and job creation, Finance Minister Pravin Gordhan told Parliament on Wednesday.
With the Presidential Infrastructure Coordination Committee making progress in overcoming backlogs, South Africa is set to spend R847-billion on new and upgraded infrastructure over the next three years, Finance Minister Pravin Gordhan said on Wednesday.
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