President Cyril Ramaphosa says South Africa is witnessing the “total destruction” of its economy due to the Covid-19 coronavirus, and that radical economic transformation must be central to plans to rebuild and repurpose
Ramaphosa made the statements in Durban while addressing the provincial command council, led by Premier Sihle Zikalala, which is coordinating KwaZulu-Natal’s response to the virus.
Radical economic transformation must underpin the economic future that we will need to craft going forward.“Covid-19 is quite frankly giving us an opportunity to relook at our economic side of life to see how we as South Africans reconstruct our economy after coronavirus, knowing that coronavirus has dealt us a huge blow.
He said in the “new economy” the government would identify new sectors while rebuilding ones badly affected. “Radical economic transformation must underpin the economic future that we will need to craft going forward. We should be able to do this through a new compact we are going to build,” said Ramaphosa.
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