As a reminder, the NDP is the long-term blueprint for South Africa’s economic and social development. Its goals are to eliminate poverty and reduce inequality through sustainable economic growth.
Most critically, with unemployment rising from 25% in 2012 to 33% today , it is evident that South Africa is not on a path to sustainable employment creation. This year, total government expenditure will be R2.24-trillion, with an expected total expenditure of R7.08-trillion over three years.The biggest portion of these taxpayer funds — 60% or R1.35-trillion — goes towards paying for the social wage. Of this, R457-billion goes to education and training.finding learners far below par for numeracy and literacy: 78% of South African Grade 4 children were not able to reach the lowest benchmark, compared to 4% internationally.
The NPC ventured into the rolling blackouts and energy security debate early on in its new term, because it was quickly apparent that much of the NDP goals and targets cannot be attained under the current conditions of disrupted electricity supply. Here, government has recognised the importance of renewable energy and has implemented various policies and incentives to promote the uptake of solar rooftop programmes.
Only 16% of South African businesses are small- or micro-enterprises compared with 35% in similar middle-income countries. Yet the NDP projected we will need 90% of all our future employment to be created in SMMEs.
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