Government and Business for South Africa - a body that’s helping the state to coordinate efforts to fix the nation’s collapsing infrastructure and governance issues - plan to accelerate reforms over the next year as some work is already yielding results.
An energy crisis and the demise of rail, ports and other infrastructure — exacerbated by years of poor governance - have hamstrung Africa’s most industrialised economy. Gross domestic product expanded by an average of less than 1% over the past decade - less than needed to cut a 33.5% unemployment rat.being able to provide power consistently for more than 140 days, where previously, the country grappled with almost-daily power cuts that lasted for hours, crimping productivity.
Ports and freight utility Transnet requires substantial interventions to improve performance to meet the needs of its customers and the market demand necessary for sustainable economic growth This could also bring in more private-sector capital to increase affordable debt available for small businesses, and strengthen the so-called SA Youth platform to facilitate access to opportunities for young people, they said.