The release of South Africa’s negative GDP growth data earlier this year and news of a technical recession was a shock. This requires an urgent taking stock of the strategic priorities of our government to put in place and implement the correct policies needed to drive economic growth.

In South Africa, building economic dynamism is urgently needed. If nothing else, the economy has to generate more jobs for the vast numbers of the unemployed and under-employed, especially among the youth. Over the longer term, it is equally necessary to raise productivity and increase the country’s global competitiveness. And the key to building economic dynamism at this juncture in South Africa lies in investment and the intellectual property that comes with it.

Report by Deloitte