Pretoria - South Africa's third African Peer Review Mechanism (APRM) report is ready for submission.
The report, which has been approved by Cabinet, will be presented at next year's NEPAD summit.
The APRM is seen as a valuable monitoring and evaluation tool, available to any African Union country.
A country formally joins the APRM after handing in a signed Memorandum of Understanding at the NEPAD Secretariat.
"The country acceded to the APRM instrument in March 2003, thereby voluntarily subjecting itself to a review by peers in the areas of democracy and political governance; economic governance and management; corporate governance as well as socio-economic development," Cabinet spokesperson Jimmy Manyi told the media after the fortnightly meeting.
The APRM is a tool which helps African countries to meet the challenges of the 21st century and to unlock their vast potential. Its purpose is to encourage governments of Africa to adopt policies, standards and practices that lead to greater stability, economic growth and sustainable development.
Manyi said Cabinet also approved South Africa's position on the fifth meeting of the Conference of Parties (COP5) to the Stockholm Convention on Persistent Organic Pollutants (POPs) to be held in Geneva in April.
South Africa's primary objective of the meeting is to protect human health and the environment from POPs.
Cabinet believes SA needs to meet its obligations by effectively implementing the convention, including the development or use of safer alternatives in the relevant industries when chemicals have been listed as POPs.
Switching focus to domestic issues, Cabinet announced that the Department of Sports and Recreation was developing a sports tourism bidding and hosting strategy, which will include a guide on which events South Africa should bid to host.
Manyi said the decision was taken because the 2010 FIFA World Cup put the spotlight on SA's ability to successfully host such events.
For the health sector, a National Nursing Summit will be held on 4 - 6 April in Sandton, with the stated aim of "reconstructing and revitalising the nursing profession."
On the labour front, inspectors in Stellenbosch will be scrutinising whether child labour practices persist. Inspections will also take place countrywide in the run-up to National Child Labour Day on 4 April.
