National Development Plan under the loop during public lecture
The Faculty of Human and Social Science on the Mafikeng Campus of the North-West University recently gave a public lecture titled: “Will the National Development Plan (NDP) reach its target of 6% growth rate eliminating poverty and reducing inequality by 2030?” The lecture was presented by Prof Olebogeng Daw, a well-known academic in the Economics circles and an associate Professor of Economics at the Mafikeng Campus.
Prof Daw has widely published in local and international journals and has done research in resources economics, economic planning and power system economics. He obtained his Master’s degree in Development Planning from the NWU and his Doctoral Degree in Finance and Economics from the South Western University of Finance and Economics (SWUFE) in China.
During his lecture he gave an outline on the National Development Plan which aims at eliminating poverty and reducing inequality by 2030 in South Africa. He indicated that the program also aims at reducing unemployment from 27% to 14% by 2020 and a further 6% by 2030 and set out the 9 primary challenges in achieving these goals. This includes the low levels of employment, the poor standards in the quality of education for black people and poorly located infrastructure which is inadequate.
He emphasized that South Africa should be a growing economy. “South Africa needs an economy that is more inclusive and grows faster than proposed by the NDP. We have to create 11 million jobs by 2030 by providing an environment for sustainable employment and inclusive economic growth as well as promoting employment in labour-absorbing industries,” he said.