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IN THE MEDIA
South Africa’s Presidency unveiled a draft plan to draw more investment to help grow the coronavirus-battered economy and create jobs for the 34.5% of its labour force that’s unemployed.
“The Country Investment Strategy is aimed at creating a fully integrated and coordinated approach to investment through aligning government priorities and channelling investment towards areas with the greatest growth potential,” the Presidency said in the document, which was published in the Government Gazette on Tuesday.
Those should be “supported by aptly coordinated incentive schemes and anchored by quality institutions,” it said.
Key industries being targeted for investment include finance, insurance, real estate, business services, logistics, manufacturing, mining, electricity, water and agriculture.
The public has a month to comment on the proposed plan.
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