![]() This amounts to an additional cumulative R2.5 trillion (in today’s money) of income, profits and taxes for South Africans.Ģ. If South Africa maintains its current slow growth trajectory of approximately 1% per year, the economy will grow to only R4.8 trillion over the next decade. This is shared between employees (labour), their pension funds (capital) and government, which redistributes these gains around society. That means that domestic economic activity in 2016 generated R4.3 trillion worth of income in the South African society. Staying as we are now | 1% growth per yearĪccording to National Treasury’s 2017 Budget Review, the gross domestic product or GDP for 2016 is estimated at R4.3 trillion. The importance of economic growth in eradicating povertyġ.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |