ANC optimistic about recovery

news-image

President Cyril Ramaphosa announced that South Africa would embark on a massive public works and job-creation drive in response to the new coronavirus pandemic.

The African National Congress (ANC) says it is optimistic that the implementation of the government’s plan which President Cyril Ramaphosa unveiled before a joint sitting of Parliament on Thursday, will lead to the recovery of the country’s struggling economy.

The President said his plan could unlock more than R1 trillion (nearly US$60,5 billion) in investment over the next four years and create more than 800,000 jobs.

He also announced a three-month extension of the special R350 (US$21) COVID-19 fund.

The ANC’s head of economic transformation, Enoch Godongwana says, “If you look at the approach of the President’s recovery plan, there are a number of elements in it. The first one is realising that the impact of COVID-19 is massive, and while employment is beginning to pick up since May after the easing of the restrictions, it is not sufficient.

“That is the reason why the first element is to provide income support in the form of the extension of the R350 for another three months.” - SABC

LEAVE A COMMENT

Comments

image

Poachers have broken into Botswana’s p Read more...

10 Aug, 2018 at 01:58 PM

image

In a sign that Botswana is likely to cli Read more...

02 Jul, 2018 at 09:26 AM

image

Gaborone - Poachers have broken into Bot Read more...

04 Feb, 2019 at 07:35 AM

image

DAR ES SALAAM - DIRECTIVES on online for Read more...

02 Jul, 2018 at 01:24 PM

image

SADC leaders meeting in Tanzania this we Read more...

19 Aug, 2019 at 01:51 PM

image

Lusaka - Zambia became the first Souther Read more...

26 Nov, 2020 at 02:20 PM

image

The divisive and controversial nature of Read more...

26 Nov, 2020 at 02:18 PM

image

Imagining football without Diego Armando Read more...

26 Nov, 2020 at 02:14 PM

image

Statement by Her Excellency Dr Stergomen Read more...

26 Nov, 2020 at 02:12 PM

image

23rd November 2020, Johannesburg, World Read more...

24 Nov, 2020 at 10:07 AM

image

Lusaka - Amid myriad criticisms from soc Read more...

14 Dec, 2018 at 06:28 AM

image

DAR ES SALAAM - DIRECTIVES on online for Read more...

02 Jul, 2018 at 01:24 PM

image

John Jerry Rawlings, Ghana’s tempestuo Read more...

20 Nov, 2020 at 10:55 AM

image

Gaborone - Botswana has introduced digit Read more...

19 Jun, 2020 at 01:17 PM

image

THE era of dumping sub-standard and coun Read more...

07 May, 2018 at 02:08 PM