Propose strategies/ policies that South Africa can use to increase the development of the country
Answers
In order for any country to develop they must look at the factors which affect their development. Development comes with growth, like increase in infrastructure, rising GDP, appreciating currency, etc.
Following are some suggestions for South Africa:
1- They may increase advancements in their manufacturing industry
Considering that South Africa has high skilled labour . They may use it to their advantage by growing their manufacturing industry.
They may focus on high-value added areas in this industry like,chemicals, automotive, industrial machinery and equipment.
To do this South Africa will have to take a closer look at emerging markets, and look at innovation.
2-- Target Infrastructure
While looking at infrastructure problems occur in the electricity, water, and sanitation areas. So South Africa could possibly combine its public and private sectors to ultimately increase their infrastructure spending up to 40% more.
-This could start from making maximum use of existing assets.
-increasing maintenance
-do cost benefit analysis of projects
- strengthening management practices
3. Work on Natural gas
South Africa’s electricity shortage has constrained growth, and despite new capacity, another shortfall is projected between 2025 and 2030.
So the Natural gas plants may be targeted, Those which are fast to build, and use low capital costs, and have a low carbon footprint—can provide an alternative to diversify the power supply.
4. Service exports
South Africa has a good service industries but it doesn't make use of it.
With the correct investments, service businesses could ramp up exports to the region; and government can help by promoting regional trade deals.
5. Agricultural transformation
Since consumption is rising in markets throughout sub-Saharan Africa and Asia, South Africa could use its rural growth, this would be benefiting nearly one in ten South Africans who depend on subsistence or smallholder farming.
Seizing the market could require a bold national agriculture plan to ramp up production, productivity, and agro-processing but the outcome would lead to massive growth.
Answer:
Here's what he plans to do:
Create at least 1 million jobs within five years. ...
Prioritize growth and investment. ...
Contain state debt and spending. ...
Give the black majority a bigger state in the economy. ...
Reduce the cost of doing business. ...
Improve the education system. ...
Improve the management of state companies. ...
Clamp down on graft.