Johannesburg - Finance Minister Tito Mboweni has unveiled a blueprint to reignite growth in the economy, create 1 million jobs and improve the levels of investments.
In the paper the National Treasury said the reforms in the economy would result in the economy growing at between 2% and 3%.
The South African economy has been sluggish over the last 10 years. It has been growing at less than 2% in the past decade and in the last five years growth has remained below 1%.
The last time the economy grew at about 5% was in 2008.
One of the proposals from the paper from the National Treasury, which will be sent for public comment, is to create labour-intensive industries to create jobs.