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SA moves to shore up African ‘gateway’ status amid concerns

Amid recurrent questions about whether South Africa will be able to sustain its position as a key ‘gateway’ to the rest of the continent – particularly in light of its relatively poor economic performance and a weakening attractiveness to investors, owing to rising costs structures and volatile industrial relations – government is moving to shore up the country’s position in this area. In line with the National Development Plan’s (NDP’s) recommendation that South Africa should pursue “deeper” regional integration, Finance Minister Pravin Gordhan used his 2013 Budget to unveil a number of measures to stimulate cross-border trade and investment.

Authors: Dubai Engineering Jobs Admin

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