Radebe - 5% economic growth within 5 years | Fin24
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Radebe - 5% economic growth within 5 years

Aug 07 2014 17:00

Cape Town - Increasing GDP growth to 5% over the next five years is one of the key economic targets of the 2014-19 Medium-Term Strategic Framework released by Minister in the Presidency Jeff Radebe.

The framework, which lists 14 key outcomes and associated activities and targets, would serve as a prioritisation framework for government, he said on Thursday.

Other key economic targets include increasing the rate of investment to 25% GDP by 2019 and reducing the official unemployment rate from 25% - 14% by 2020.

Referring to economic infrastructure, the document said key 2019 targets included increasing the electricity generation reserve margin from the current precarious 1% to 19% and increasing the tonnage of goods moved by rail from 207 million tons last year to 330 million tons.

The framework also spells out five-year targets for basic education, health care, crime, agriculture, housing and service delivery, among others.

jeff radebe  |  cape town  |  economy


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