South Africa Economic Update: Savings,

On 21 July 2011 AISA and the World Bank of South Africa co-hosted a development dialogue to launch South Africa Economic Update: Savings, Investment and Inclusive Growth at the Sheraton Hotel in Pretoria. Speakers included Dr Marcelo Giugale, the Director for Poverty Reduction and Economic Management at the World Bank, Ms Ruth Kagia Country Director for South Africa at the World Bank, Mr Sandeep Mahajan and Fernando Im (co-authors), Dr Matlotleng Matlou, CEO of AISA and Ms Catherine Macleod, Director at the National Treasury. The first edition of the South Africa Economic Update focused on savings, investment and inclusive growth. Confronted with widespread and persistent exclusion and unemployment, policymakers in South Africa have rightly set their eyes on a trajectory of faster GDP growth. The report argued that a stimulus to any one of the three elements could generate a virtual cycle of faster capital accumulation, job creation and technological advancement. Addressing the current low savings and investment is essential, and the report discussed opportunities and challenges associated with the task. Partnership with international organisations and government will be enhanced.

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