Executive Summary | Western Cape Government

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Executive Summary

  1. What is the Micro Economic Development Strategy (MEDS)?
  2. Why do we need a strategy like MEDS?
  3. How did it come about?
  4. Download the 2005 Input Papers
WHAT IS THE MICRO ECONOMIC DEVELOPMENT STRATEGY (MEDS)?

The Micro-economic Development Strategy (MEDS) is one of the complementary, interactive strategies of iKapa Elihlumayo being developed by the PGWC. The aim is to stimulate economic development and transformation in the Western Cape. The strategy, led by the Department of Economic Development and Tourism, will guide and direct provincial government involvement in the private sector and be will be used as a planning tool.

WHY THE NEED FOR MEDS?

  • Evidence-based information can define the public and private sector actions needed to improve the economy.
  • It is the first step to create sound economic development plans and strategies to create better levels of economic growth.
  • It provides an informative and impartial platform against which public sector interventions can be measured, monitored and improved.

HOW IT CAME ABOUT?

In 2004 and 2005 the Department commissioned researchers to examine and document information on fourteen core economic sectors. Their research also looked at three common themes that cut across all these sectors namely, transport, energy and an SMME focus.

2005 INPUT PAPERS

A series of input papers have been documented and these will shape the MEDS strategy in an ongoing process.

As the sector papers were released, information sessions with companies, government, investors and interest groups were held to let people know the summaries of the papers.

Download the papers below to get economic insight into the State-of-the-Province.

The content on this page was last updated on 15 March 2014