The European Business Council for Africa

South Africa’s government plans to focus on infrastructure investment to help revive its struggling economy and boost development, according to details of a new growth plan revealed this week.

The ‘Economic Reconstruction, Recovery and Growth Plan’ hopes to tackle the immediate impact of the coronavirus pandemic - which has hit South Africa hard - and support wider economic development. 

It joins a steadily growing list of growth plans devised by South African governments over the years aimed at fixing its ailing economy, which has averaged just 1.12% growth since 2015.

This includes the high profile National Development Plan 2030, launched in 2012, and a new growth plan focused on industrialization announced by current finance minister Tito Mboweni just twelve months ago. 

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