Thursday, June 21, 2012

The Next Growth Frontier

By allocating R860 billion for infrastructure development; and by signing bilateral and multilateral trade treaties, South Africa is gearing up for the next growth spurt. It believes that this phase of growth would require industrialization and regional economic diversification.

The newest priority is a large regional market, known as the tripartite free trade area, which would cut across several regional economic communities. It would consist of 27 countries “from Cape to Cairo” along the east coast of Africa and would have a combined gross domestic product of $1.3-trillion.”



Reference: Steyn, Lisa, Davies: Africa needs industrialisation for continued growth, June 21, 2012
 
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