Boosting entrepreneurship might be key to economic recovery, OECD says
OECD secretary-general Angel Gurria says SA is a highly unequal society and the lack of transparency in public affairs feeds into public frustration and the prevalence of corruption
SA needs to find new ways to boost growth and job creation according to an economic survey by the Organisation for Economic Co-operation and Development (OECD). The OECD said wide-ranging structural reforms are required to create growth, boost job creation and improve inclusivity. The survey calls for a range of structural policy reforms such as opening key sectors, introducing a national minimum wage, developing apprenticeship and internship programmes, maintaining macroeconomic stability, improving the business environment and enhancing regional integration, "which are critical for inclusive growth and job creation". According to the survey, "boosting entrepreneurship, which is low in SA when compared to other emerging economies, and growing small businesses can also be crucial to economic recovery and job creation".
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