This also discouraged investment in South Africa’s natural resource industry, and has made it difficult in some instances to maintain export volume growth. Policy certainty and investor confidence have proven to be essential prerequisites for the capital formation South Africa requires for substantive export led growth.
The New Growth Path sets the goal of creating 5 million new jobs by 2020 and to this end identifies the structural problems in the economy that need to be overcome as well as the key opportunities or job drivers in specific sectors and markets.