Answer to Question #230129 in Macroeconomics for Sam

Question

How successful was the new growth path in influencing economic growth and development in south Africa

Answer 1

The New Growth Path framework identifies strategies that will enable South Africa to grow in a more equitable and inclusive manner while attaining South Africa's developmental agenda.

The New Growth Path targets 300 000 additional direct jobs by 2020 to green the economy, with 80 000 in manufacturing and the rest in construction, operations and maintenance of new environmentally-friendly infrastructure. The potential for job creation rises to well over 400 000 by 2030.