CONCLUSION
18
Executive Summary
The current 4-7% economic growth in the SADC region is propelled by rising
external demand, high international metal prices, rising global income, resurgent
capital flows and the sound macro-economic policies of SADC Member States.
New investments in mining and mineral outputs are increasing, and fiscal
discipline and abundant natural resources have combined to attract Foreign
Direct Investment (FDI) into the region. Continued growth will, to a large
extent, depend on the diversification, greater beneficiation and value addition
of commodities, which will in turn create local employment. There is a critical
requirement for improved intra-regional distribution networks, strengthened
institutional capacity to attract sustained capital and increased domestic
savings and investment. Efficient, integrated, cost-effective infrastructure is a
prerequisite for harnessing opportunities in the global economy.