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The second phase focuses on diversification and enhancement of productivity and competitiveness. The third phase, from 2050 to 2063, focuses on innovation.
The rally in prices to the highest level in nearly 50 years is boosting that trend, which could alleviate the current supply tightness in the global cocoa market.
In the 2023 midterm budget and economic review , Finance minister Mthuli Ncube revised the gross domestic product projections upwards by 1,5 percentage points to 5,3% for the year.