Leveraging services for growth, employment and equity

SOURCE: Sisebenza Sonke
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2004
TITLE AUTHOR(S): M.Altman
KEYWORDS: ECONOMIC GROWTH, EMPLOYMENT, SERVICES SECTOR
Print: HSRC Library: shelf number 1755
HANDLE: 20.500.11910/7460

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Abstract

South Africa has become a services economy. About 70% of GDP and 67% of total employment was generated by services in 2002. Critically, the services sector is growing faster than the primary or secondary sectors. Services grew by an average 3% per annum between 1994 and 2001, against an annual average of 2.4 % for the entire economy.