On the back of such, starting a business from the ground is a major milestone that many people are thinking about in 2018. As a result, there is little faith that ordinary people and business alike can have a big impact on the robustness of the economy.
Their prospects to start a business will among others, close the unemployment gap, boost investment levels to the National Development Plan target of 30% of GDP.
Trudi Makhaya, consulting economist for Mercantile Bank highlights several main themes for entrepreneurs to look out for in 2018:
The Second Coming of the National Development Plan
In a speech outlining his vision of the economy last December (a New Deal for Jobs, Growth and Transformation), Cyril Ramaphosa outlined a policy package focused on the creation of decent
jobs, boosting investment levels to the NDP target of 30% of GDP, localisation, land reform coupled with agricultural productivity, fiscal discipline, black economic participation, ‘de-concentration’ of the economy, infrastructure development and SOE reform.