TRANSFORM SA Page 78 – 80
The New Growth Path (NGP), which states that South Africa requires hard choices and 111 7 shared determination to achieve a “step jj'1 change” in growth and transformation of ' economic conditions,” will become a year-old in September this year, making it appropriate for South Africa to take a moment of pause and delve into swot analysis. Written by Sibonelo Radebe The NGP was introduced in September last year as a new effort to jumpstart South Africa's economic growth to annual rate of more than 7 percent. This is the level required for South Africa to make a serious dent on its socio-economic pathologies and mainly poverty and unemployment. As noted by finance minister Pravin Gordhan, the country desperately needs “to ignite the flame of higher inclusive growth, and sustain it He said:”We cannot view the fact that 42 percent of young people between the ages of 18 and 29 are unemployed as merely a statistic”.
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