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The Republic of South Africa, a BRICS middle-income developing country, faces many issues to economic growth such as: (i) energy challenges; (ii) aged and inadequate infrastructures; (iii) inefficient regulatory processes delaying inter/national and local investments; and (iv) inefficient government co-ordination, long-term planning and vision (which in turns contributes to investors’ uncertainty—although in 2013 RSA received US$8 billion in Foreign Direct Investment). According to the World Bank, RSA’s economy expanded to a mere 1.5 % in 2014, the slowest pace since the 2009 recession. In views of kick-starting the economic growth, the RSA government has recently developed a ‘9-Point Plan’ comprising simultaneous actions in key strategic areas .
KeywordsForeign Direct Investment Carbon Capture Energy Landscape Platinum Group Metal Energy Crisis
- 1.Department of Communications (2015) Economic sectors, employment & infrastructure development cluster post SoNA media briefing. http://www.gcis.gov.za/print/8394