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Vol 47 No 4

Published 17th February 2006

South Africa

For growth, a new acronym

The Accelerated and Shared Growth Initiative of South Africa (ASGISA) accepts that poverty and unemployment are the country's main economic problems and promises to halve both by 2014. It claims that economic growth averaging around 3 per cent per annum during the first ten years of democracy brought unemployment down from 32 per cent in the late 1990s to 26 per cent today.

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