Unity government parties back rapid economic growth

South Africa’s African National Congress and the Democratic Alliance committed to “rapid, inclusive and sustainable” economic growth in an agreement on forming a so-called government of national unity.

The accord, signed in Cape Town on Friday, sets the revival of South Africa’s economy as the first of 11 priorities that the incoming administration will focus on. It touts fixed capital investment, structural reforms and fiscal sustainability as key objectives to getting the economy back on track.