Transcript No Slide Title

LOCALISING NATIONAL
GOVT ECONOMIC POLICY
AND THE NEED FOR
COOPERATIVESTRATEGY
BRIEF OVERVIEW: ECONOMIC
HISTORY
• Pre-1994: stagnation & imminent
crisis
• 1994 to 2001: macroeconomic
stabilisation
• 2001-2014- accelerated growth,
employment and equity
MICROECONOMIC
REFORM STRATEGY
• Macroeconomic fundamentals in place but:
unemployment, poverty & lack of equity
• Dualistic nature of economy
• New interventions required to achieve vision 2014
– Integrated Employment Strategy
– Investing in economic infrastructure
– Investing in human capital
– Raising savings & investment levels
ACTIONS REQUIRED
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Increase income levels of the poor
ISRDS and URS implementation
BEE and WEE
Employment creation
Social welfare and use of other grants
Accelerated investment in infrastructure
(priority projects) e.g IDZs
• Accelerated skills development &
aggressive recruitment of critical skills from
other countries
• Develop and implement appropriate
investment incentives such as Critical
Infrastructure Fund
WHY ALIGMENT
• Need to develop strategies within national
economic framework
• Build congruence and synergy between
policies and programmes
• Policy coherence & certainty important for
building domestic confidence
• Joint effort in programmes, initiatives and
project have maximum impact
HOW
• Localisation of MERS basis for partnership
• Sustained policy dialogue
• Need to identify key priority projects which national
and local spheres of government can work on, e.g
spatial initiatives, logistics, economic infrastructure
development, joint marketing initiatives etc
• More effective IGR & coordination of activities
between provinces, national & cities
• Capacity building: strengthening of IDPs ito analysis
of economic activities & opportunities: develop
economic potential
thank you