JOHANNESBURG - The African National Congress said it planned to upscale the production of artisans in the country as part of its economic recovery plan post-COVID-19.
The governing party launched a document on building a new inclusive economy on Friday as part of its efforts to restore the country’s dwindling economy which has been hit hard by the impact of the pandemic.
In the document, the ANC’s economic transformation committee pushes for investment in infrastructure as a way of restoring the struggling economy. South Africa’s GDP is expected to contract by up to 7% this year, with the recession projected to haunt the economy for a while. The ANC said given that the pandemic had had a profound impact on employment creation, focus should be directed at collaboration with the Sector Education and Training Authority, the private sector and TVET colleges to ensure the labour market was armed with the right skills.
The party added that COVID-19 was likely to further increase the high rate of unemployment, which now stood at over 30% meaning inequality and poverty would also deepen.This, it said, could be addressed through job creation schemes, which worked in conjunction with the public works programme and by incentivising labour absorbing industrial programmes, especially through infrastructure development.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ANC to set out vision for post-Covid-19 economyThe ANC’s paper comes as business also lays out its economic plans
Read more »
BREAKING NEWS: ANC proposes using pensions and savings to aid economic recovery post-Covid 19The governing party published its proposals for economic revival on Friday, arguing for an infrastructure-led approach
Read more »
ANC to set out vision for post-Covid-19 economyThe ANC’s paper comes as business also lays out its economic plans
Read more »
SA records highest single-day Covid-19 increase as testing acceleratesHealth minister reports more than 13,500 new cases in the past 24 hours based on the highest number of tests done in SA in a single day
Read more »
Covid-19 vaccines: African governments must ensure the masses get access, SA expert tells WHOThe top scientist further stated that it would be a tough ask to expect African manufacturers to start manufacturing vaccines.
Read more »
SA records 13,674 new Covid-19 cases and 129 deathsThe country has reached a milestone of having completed over two million tests for coronavirus.
Read more »