Rob Jeffrey, Independent Economic Risk Consultant: The industrial base of a country depends on a reliable supply of electricity and steel. In the 1930s, South Africa developed both Eskom and Iscor. Since then the economy has diversified considerably. While the industrial and mining base of the country remains dependent on reliable supplies of these primary products, the manufacturing industries, the secondary and mining sectors also need to be developed through efficient labour and technical training. Business investment needs certainty about energy sources and future potential growth. As a developing economy, South Africa needs both to fulfil its key objectives. This paper is a brief review of the steps that are necessary for South Africa to return to a long-term economic growth path and achieve its primary objectives of reducing poverty, unemployment and inequity.
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