Another economic strategy, the Accelerated and Shared Growth Initiative--South Africa (ASGISA
), (DTI, 2005) focused on limited interventions to catalyze development such as assisting women to expand and accelerate access to economic opportunities including skills development and finance, human resource training, fast tracking women out of second economy, ensuring their significant participation in agriculture and creative industries, improving their access to basic services, and increasing their participation in the Expanded Public Works Programme (EPWP).
was an economic policy frameowork launched in July 2005 to frame government's micro-economic reform strategy and focus attention on specific sectors of the economy.
They also suggest that the outcome of the debate over the role of state assistance may have the greatest effect on the country's capability to meet ASGISA
In 2005, this took the form of the Accelerated and Shared Growth Initiative for South Africa (AsgiSA
The department sponsored youth foundation training programme (YFTP) and the military skills development system (MSDS) are pivotal to this initiative and contribute to the objectives of Accelerated Shared Growth Initiative for South Africa (ASGISA
is both a response to the nonperformance of previous economic growth programmes and to the increasing clamour by victims of the economic apartheid showing no sign of respite.
Furthermore, the significant period of 2000-2013 represents the era in which both the inflation-targeting regime and the ASGISA
programme were adopted as policy objectives.
They suggest that the outcome of the debate over the role of state assistance may have the greatest effect on the country's capability to meet ASGISA
goals, and consequently, the question of presidential succession within the ANC may have significant ramifications on those goals.
The latest government offering is ASGISA
(Accelerated Shared Growth Initiative of South Africa) driven by the Deputy President, Phumzile Mlambo Ngcuka.
In 2006 the South African Government convened an International Growth Advisory Panel (IGAP) to take a new look at the country's growth record and, in light of such, offer comment on the national growth strategy, ASGISA
. The team comprised twenty five members who worked alongside government counterparts in the Presidency, Treasury, Department of Trade and Industry (DTI) and others.
The government's latest grand vision is ASGISA
(Accelerated Shared Growth Initiative of South Africa) which plans to use government savings from prudent management to create employment via spending on infrastructure development, while investing in education and skills development.
My review of economic performance starts from the premise, accepted in the government's Accelerated and Shared Growth Initiative for South Africa (ASGISA
), that manufacturing industry is central to South Africa's development trajectory.