20 key points from SONA2019 – including plans on 2 million new jobs, halving violent crime, and new bailouts for Eskom | BISouthAfrica
third State of the Nation address
Choices need to be made in a struggling economic environment to focus on areas with the biggest effect. economic transformation and job creationconsolidating the social wage through reliable and quality basic servicesa capable, ethical and developmental stateRamaphosa said to ensure the state’s interventions are directed, the state adopted five goals within its seven new priorities to achieve within the next ten years.
The coordination of disability initiatives have been moved to the centre of government in the Presidency. Municipalities, businesses and individuals will, therefore, be expected to pay their outstanding debt, he said. Ramaphosa said that drawing on the state’s successes in the automotive sector, South Africa will implement"master plans" developed alongside business and labour in industries like clothing and textiles, gas, chemicals and plastics, renewables, and steel and metals fabrication sectors.
Telecommunications providers have for years blamed the lack of additional spectrum for high data costs. Yes, SA data is more expensive than it needs to be, Vodacom says – and it is all government’s fault The state will continue to build a pipeline of investments, which will be showcased at the second South African Investment Conference to be held on 5 to 7 November, he said. As announced in his previous SONA, Ramaphosa said the state has set aside R100 billion to start an infrastructure fund which will be administered by the state-owned Development Bank of Southern Africa
“The South African Reserve Bank is a critical institution of our democracy, enjoying wide credibility and standing within the country and internationally,” Ramaphosa said. Ramaphosa said that to address the country’s 50% youth unemployment figure, a comprehensive plan will be developed which stretches across the three tiers of government.
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