Agriculture and rural development are cornerstones of the National Development Plan (NDP), they have been identified as key areas that will help drive economic and social growth for the South African economy. With agriculture being a big contributor to employment and GDP, the past year has seen significant progress being made with more partnerships and ventures within the sector, the vision is to have 1 million people employed in the agricultural sector by 2030. However, there are currently several obstacles that are facing the sector, such as the recent drought, but there are calls for renewing and redoubling efforts and involvement from the youth, South African businesses and government to push the sector to become a robust contributor to the economy.
South Africa has traditionally been considered an attractive destination for investment and business, especially within the Southern African Development Community (SADC). World economics however, are currently in a slump, with dropping commodity prices and a shift in demand. Companies wishing to competitively participate in domestic and foreign markets will have to be a few steps ahead of the rest. The World Bank estimated that South Africa experienced GDP growth at a mere 1.3% in 2014/15; however, there were companies that exceeded all expectations and grew remarkably during that time. With a current projection of only 0.8% for 2016/17, both public and private organisations will have to be prudent, with a clear vision going forward.
Provision and access to quality health is a key part of the National Development Plan (NDP). Health has been identified as an important aspect that will help drive growth in the South African economy due to the social effects it will have on the lives of South Africans.
Fast track installations of education and health care facilities using innovative building techniques (IBTs), will be the topic under discussion at a breakaway session on Infrastructure Manufacturing sponsored by Kwikspace Modular Buildings, at the Second Annual Vision2030 Summit in June.
Compared with the other sectors in South Africa, education boasts the largest financial commitment and support from the government. With around 7% of the country’s GDP going towards education and with well over R600-billion that will go to basic education alone over the next three years, it is clear that the government envisions great development and progress in this sector going forward. This support was reiterated at this year’s budget speech where the State committed itself to collectively invest more in infrastructure. Among many key areas of infrastructure investment, education infrastructure in particular will receive R54-billion. As was highlighted by the Minsiter of Finance, Pravin Gordhan in his Budget Speech, infrastructure in the education sector must improve to create an environment conducive to learning, in turn creating quality students who will drive the country forward.