Ramaphosa outlines the strategy for building the economy and creating jobs

The National Executive Council of the African National Congress (ANC) announced on Monday an infrastructure plan, which is being discussed in a two-day virtual Lekgotla, to repair the damage caused by the coronavirus pandemic and to restructure the economy.

In a statement, ANC President Cyril Ramaphosa said the focus is on investment in energy, water, and sanitation, Public transport, roads and bridges, housing, health care and education; digital infrastructure and public transport.

He said the path and pace of economic recovery depend on various factors, criteria, and deadlines that Lekgotla developed to guide government action.

The areas include investment in infrastructure, delivery consistent with the objectives of the National Development Plan, public employment programmers, gender equality and economic inclusion of women and youth, macro-economic policy, supporting tourism, strengthening energy security and localisation through industrialisation, a thriving local industrial base, and interventions for a green economy.

“Deadlines must accompany the strategy and monitoring mechanisms to make sure effective implementation,” said Ramaphosa.

Ramaphosa said alarming statistics confirm that people are unemployed, unable to take care of their families, and lost the economic energy.

“Too many of our colleagues are starving and we need to develop innovative and flexible strategies to meet the real challenges facing people,” said Ramaphosa, adding that recovery plans need to focus on several priority areas to drive growth, protect businesses and create jobs.

Ramaphosa said Lekgotla confirmed South Africa’s recovery plans must focus on several priority areas that will promote growth, protect businesses, and create jobs.

According to Ramaphosa, to keep existing jobs and create new ones, South Africa needs to build comprehensive social contracts that focus on how we live together, how we become a more coherent society, and how we tackle our deep structural challenges such as unemployment, poverty, and inequality.

Ramaphosa said whether public procurement, land reform, localisation, and infrastructure development should involve women, youth, and small and medium enterprises, cooperatives, and the informal sector.

The President stated that small businesses around the world play a role in creating jobs and attracting more people into the economy, adding that Cooperatives also contribute to job creation and sectoral participation in economic ownership and management.

“Small businesses involvement and development are an important part of our economic recovery,” added Ramaphosa.

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