South Africa Economic Update, February 2016 : Promoting Faster Growth and Poverty Alleviation through Competition
Promoting faster growth and poverty alleviation through competition is particularly important for South Africa, which is facing weak economic growth and limited fiscal resources and has to look to avenues outside the fiscal space to stimulate faste...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Pretoria
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25857526/south-africa-economic-update-promoting-faster-growth-poverty-alleviation-through-competition http://hdl.handle.net/10986/23762 |
| Summary: | Promoting faster growth and poverty
alleviation through competition is particularly important
for South Africa, which is facing weak economic growth and
limited fiscal resources and has to look to avenues outside
the fiscal space to stimulate faster sustainable growth and
progress towards its ultimate goal of eliminating poverty,
outlined in the 2030 National Development Plan (NDP). The
update presents a candid assessment of South Africa’s
economic prospects. With growth declining in per capita
terms the NDP goals are moving further out of reach. South
Africa urgently needs fundamental reforms to kick start
growth and promote job creation. Advancing with reforms to
improve the lives of South Africans is particularly
attractive, since they hold the potential to boost growth
and speed up poverty alleviation. Competition policy
demonstrates the power of bold reform to ease pressures in
times of a tight public purse. The report is organized as
follows: section one presents economic developments and
prospects, and section two presents promoting faster growth
and poverty alleviation through effective competition policy. |
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