With the elections over and coalition discussions ongoing, Ramaphosa said there is broad support for the continuation of economic reforms.
With the 2024 elections over and coalition talks ongoing, Ramaphosa said there is broad support for the continuation of economic reforms.Ramaphosa made the remarks in his weekly newsletter “From the Desk of the President”.“As the country prepares for a new democratic administration, all parties need to work together to sustain the momentum of reform, growth and transformation.
Ramaphosa said government has undertaken far-reaching reforms in energy, logistics, the water sector and telecommunications. “We have said that it will take time for the impact of many of these reforms to be fully felt. At the same time, the process of recovery and rebuilding is well underway. “The electricity sector is one such example. The implementation of the Energy Action Plan that we announced in 2022 has seen accelerated procurement of new generation capacity, a growing number of new energy projects being connected to the grid, and a surge in rooftop solar energy. These developments, together with Eskom’s ongoing work to improve the maintenance of its power stations, have helped to reduce the severity of load shedding,” Ramaphosa said.
Ramaphosa said as Minister of Finance Enoch Godongwana noted in this year’s Budget Speech successful efforts to improve the fiscal position, complete structural reforms and bolster the capacity of the state will in combination reduce borrowing costs, raise confidence, increase investment and employment, and accelerate economic growth.
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.
Political parties continue consulting after Ramaphosa’s GNU proposalPolitical parties were expected to discuss a proposal by the ANC to form a second Government of National Unity (GNU) since 1994.
Read more »
Like Mandela, Ramaphosa invites his political foes into the CabinetCOALITION NATION | Like Mandela, Ramaphosa invites his political foes into the Cabinet
Read more »
Elections update: Ramaphosa and other political leaders make their marksHere is your latest update on everything you need to know about the elections.
Read more »
MK party wants Ramaphosa jailed for ‘abusing office for political gain’The MK party said “the desperation and gravity” of President Cyril Ramaphosa’s actions cannot be understated
Read more »
2024 General Elections: MKP Joins Political Parties in Taking Legal Action Against Cyril RamaphosaThe MK Party announced that it filed an urgent application with the Electoral Court against Cyril Ramaphosa for his national address over the weekend.
Read more »
EFF criticises Ramaphosa ‘My Fellow South Africans’ address: SABC in political squabblesThe SABC has become a political football as election day gets closer.
Read more »