Regional trade blockages to be addressed

As part of government’s ‘New Economic Growth path’, with its strong focus on logistics, South Africa will undertake initiatives to strengthen the SADC and connect it with the East African Community and Comesa, says Economic Development minister Ebrahim Patel. “We will identify key regulatory blockages to increased regional trade and investment by June 2011. “Government will work with South African development finance institutions and stateowned enterprises to address backlogs in regional logistics, water and electricity infrastructure,” he said.