Economic recovery depends on investment

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The country’s financial state is marred by an extremely high expanded unemployment rate (42%) and a low unemployment rate (23.3%). Picture: iStock
The country’s financial state is marred by an extremely high expanded unemployment rate (42%) and a low unemployment rate (23.3%). Picture: iStock

BUSINESS

Domestic and foreign capital investment in infrastructure, education, healthcare and agriculture is the only way South Africa can begin to grow its economy, reduce its rate of unemployment and eradicate poverty.

This is according to the UN Development Programme (UNDP) in South Africa, whose investor map identifies multiplier sectors and investment opportunity areas that are aligned with priorities outlined in the National Development Plan and the Medium Term Strategic Framework.

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