At the heart of South Africa’s crisis is the failure of its economy to grow; at the heart of its economic stagnation is its failure to attract sufficient investment. This is the message from the Institute of Race Relations (IRR) in the latest report in its Blueprint for Growth series, “Open(ing) for business”: South Africa’s investment malaise and how to escape it, written by IRR analyst Terence Corrigan.
Investment is the engine that propels growth. Without it, durable socio-economic development and redistributive efforts are not possible. The National Development Plan has envisaged a future in which South Africa would achieve levels of investment equivalent to 30% of GDP. The country…
Water Resources: The country has several major rivers, including the Orange River
and Limpopo River, which are essential for agriculture and water supply.
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Fun South African Fact: The Union Buildings in Pretoria house the President’s official offices. The site is worth a visit to marvel at a larger-than-life statue of Nelson Mandela as well as the immaculate gardens and grounds.
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Australia: You have two cows. Upon further inspection, you realize that one is a koala, the other a kangaroo.