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May 9, 2008

National Treasury - Ministry of Finance - Release of research papers on growth in South Africa by the international panel

"Very few South Africans are working" - Economic growth is fundamentally about creating jobs

In 2004 the government of South Africa committed itself to the halving of poverty and unemployment in the country by 2014, in line with the UN Millennium Development Goals.



Background

In the first decade of freedom, annual economic growth in South Africa averaged about 3% per annum, a level much higher than the 1% per annum achieved in the decade before 1994.

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Posted by StaffWriter at May 9, 2008 8:09 AM