South Africa will enter a new "radical phase" of economic transformation over the next five years to address poverty and unemployment, President Jacob Zuma said in his reply to the debate on the State of the Nation address in Parliament on Thursday.
South Africa is already busy tackling the issues raised by the International Monetary Fund in its latest country report, with the Cabinet having agreed on a number of domestic measures to reignite economic growth, the National Treasury said on Tuesday.
President Jacob Zuma has reiterated the government's support for the National Development Plan as South Africa's "long-term socio-economic development roadmap", saying the plan "ensures certainty with regards to the direction of the country in the next 20 years".
The latest three-year roll-over of South Africa's Industrial Policy Action Plan focuses squarely on boosting the country's manufacturing sector in order to grow jobs, exports and the production of value added goods, says Trade and Industry Minister Rob Davies.
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