1. Rationale and context

2. Overview of the APRM

3. Economic governance

4. Macro- economic policies

5. Public Finance Management

6. Regional economic integration

7. Conclusion

8. Questions?

Rationale

• South Africa as a champion of NEPAD and its objectives
• Resistance of forces to 'shift' focus and intentions of APRM
• Continental and global leadership role in promotion of good governance

• South Africa's Constitution
• Prominence in political mobilisation: Minister of Public Service and Ministers of Environmental Affairs; Ministers of Health etc...
• Support for Post Conflict and Reconstruction efforts

Overview of APRM

• Programme of the AU
• Country self-assessment tool
• Covers four thematic areas

• Democracy and good political governance
• Economic governance and management
• Corporate governance
• Socio-economic governance

• Purpose of the APRM

• Fosters adoption of policies, standards and practices that lead to:

• Political stability
• High economic growth
• Sustainable development
• Accelerated sub-regional and continental economic integration
• Encourages sharing of experiences identification of capacity building needs

Economic governance

• South Africa's role in NEPAD:

• SA is member of the HSGIC
• -SA is a founding member of NEPAD
• SA's level of economic development necessitates a strong external focus
• Private sector capability
• Experiences in terms of political and economic governance

• Strong institutional capability
• Commitment to mobilize support for NEPAD and advance Africa's interests in the global trading

Efficient economic governance

• Constitutive Act of the African Union:

• SA's commitment is evident through the active involvement in the following areas

• Acceleration of the political and socio-economic integration of the continent
• Promotion of peace, security and stability on the continent through peace missions and the commitment to the standby force to be established

• RDP- integrated, coherent socio-economic policy framework to mobilise domestic resources
• GEAR - increase employment and reduce poverty
• Exchange rate management - market forces and controls over capital movement of residents
• Monetary policy - inflation targeting
• Fiscal policy - MTEF and PFMA
• Other policies

• BBBEE
• National Small Business Act
• - Competition policy

• Regulatory framework created e.g. Access to information Act
• Participation of Departments in cluster structures e.g. ARC, IRPS cluster promotes
• collaboration and ensures predictability of policies
• Roundtable discussions held on key economic issues

• Maximisation of service delivery
• Promotes accountability and transparency
• Regulates financial management in all spheres and public entities
• Deals with corruption and money laundering, the following has been implemented:

• codes of conduct
• whistle-blower protection,
• effective auditing, monitoring and law enforcement

• MTEF

• Promotes predictability of government expenditure
• Indicates medium term plan and key priorities of Government

Regional Economic Integration

• SA pursues policies that promote regional industrial development underpinned by the manufacturing of high-tech and high value- added products
• SA encourages intra-Africa trade and facilitates technology and skills transfer through outward investment and technical assistance to the rest continent

• This requires

• Comprehensive and integrated trade policy and strategies
• - Adoption of appropriate macro-economic policies
• Development of a stable and transparent regulatory environment.
• - Strengthening of the capacity of States in African countries to understand and facilitate changes.

• The main objectives include:

• Development of SACU common policies
• Strengthening of SACU institutions

• SADC

• The main objectives include:

• Implementing the SADC Protocol on Trade
• Conclusion of negotiations on outstanding issues such as agreement on rules of origin

• SADC negotiations on trade in services
• Implementation of tariff reduction schedules

• Sound policy framework exists within the country
• NEPAD is a good framework for Africa's development
• APRM a good assessment tool to monitor progress made by the country and to identify deficiencies
• Role of South Africa

• Capacity building on policy formulation and development within the continent
• Enhancement of economic regional integration
• Mobilising support for NEPAD