In 2014 South Africa’s growth continued to slow down, recording only 1.5%, the weakest performance since the global financial crisis. The nation’s economy was affected by its most protracted industrial action since the end of apartheid and significantly weak demand from trading partners.
The social progress South Africa has made over the past two decades is impressive. The transition to democracy has of course been a defining feature, and successive governments have implemented policies to increase well-being. The expansion of social grants has lifted many South Africans out of absolute poverty. This progress has been underpinned by a sound framework for macroeconomic policy.
South Africa has made impressive social progress over the past two decades, lifting millions of people out of poverty and broadening access to essential services like water, electricity and sanitation.
The Secretary-General was in Pretoria to present the 2015 OECD Economic Survey of South Africa and hold meetings with several high-level officials. He also participated in a meeting on the OECD’s New Approaches to Economic Challenges (NAEC) initiative.
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
Taxation is a key tool by which governments can influence energy use to contain its environmental impacts. This report provides a systematic analysis of the structure and level of energy taxes in OECD and selected other countries, including South Africa; together, they cover 80% of global energy use.
Ministers expressed full support for the OECD’s global relations strategy, as an essential element to increase its impact and relevance. This strategy has been the centrepiece of Secretary-General Angel Gurría’s vision to transform the Organisation into a more inclusive, global policy network and a prime forum for evidence-based policy exchange and global standard setting.
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
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Water resources allocation determines who is able to use water resources, how, when and where. Capturing information from 27 OECD countries and key partner economies, the report presents key findings from the OECD Survey of Water Resources Allocation and case studies of successful allocation reform.
This Network provides a forum for regional dialogue and co-operation. It mainly covers the member economies of the Southern Africa Development Community (SADC) to support regional and national reformers in their efforts to improve the performance of SOEs.