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In line with the National Development Plan, investment in infrastructure remains a policy priority with public-sector infrastructure investment plans totalling R987.4 billion over the medium term.
Government is considering introducing a new long-term multiple-entry visa to boost tourism.
Government is working hard to promote greater private sector investment in a range of sectors.
South Africa’s economy has been revised down to grow at a rate of 0.5% in 2016, National Treasury said on Wednesday.
Finance Minister Pravin Gordhan says National Treasury will take a measured consolidation approach in order to create conditions that will set the country on a path of rapid economic growth.