The Presidency yesterday issued the Medium-Term Strategic Framework 2014-2019, committing to implementing the National Development Plan (NDP) to increase job opportunities in South Africa.
The NDP sets a growth target of at least 5% a year, and emphasises measures to ensure that the benefits of growth are equitably shared.
Some of the targets in the MTSF for growing the economy and creating jobs are:
* Increasing the investment rate to 25% of GDP;
* Increasing public sector investment to 10% of GDP;
* Adding 10 000 megawatts of electricity;
* Increasing employment and reducing unemployment to 14%;
* Increasing the share in household income of the poorest 60% of households to 10%; and
* Increasing research and development investment to 1,5% of GDP – a 300% increase in the rand value of investment compared to 2013.
