Develop a global partnership for development
Where we are?
In 2004, the South African Government undertook to halve poverty and unemployment by 2014, in its Accelerated and Shared Growth Initiative (Asgisa). To meet its Asgisa targets, the Government estimated that the level of economic growth would need to average 4.5% or higher during the period 2005 to 2009, and 6% or higher during the period 2010 through 2014. So far, on a real basis the economy has grown at an average annual rate of 3.2% between 2005 and 2009, and thus Asgisa growth targets have not been met.
In relation to strengthening global partnerships, South Africa has rapidly opened up trade, especially to LDCs and developing countries. Her trade and in particular imports from both LDCs and developing countries have increased, with the LDC share of imports rising from less than 1% in 2002 to just under 6% in 2008 (before falling to 4% in 2009), while imports from developing countries increased to a high of 47% in 2009. South Africa is seen as a country characterised by a remarkably stable macro-economic framework. Its major challenge is to increase its economic growth potential. Failure to do so, will limit its ability to address many of the goals set out by the MDG process, major amongst them, the creation of jobs, drastic improvements in the quality of especially technical education, and reversal of the necessary to date, but rapidly ballooning social assistance programme. South Africa has made great progress in telecommunications for the masses. The percentage of South Africans with access to a cell phone is rapidly approaching 9 out of 10..