President Cyril Ramaphosa says that the government and private businesses must cooperate to take on the triple threat of unemployment, inequality and poverty in South Africa.
Writing in his weekly letter to the public, the president outlined a programme for the government to work alongside businesses to promote socio-economic development.
He added that through the ‘Social Compact for Growth and Jobs,’ where members of society agree to cooperate for the social benefits of the country at large, “we would be able to take the necessary steps to combat high levels of joblessness, growing inequality and poverty”. He said social partners in the past have been able to reach important social compacts around job creation, economic growth, Eskom’s restructuring, the global financial crisis and the Economic Reconstruction and Recovery Plan as a response to the effects of Covid-19.
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.
Women's Africa Cup of Nations Final: Morocco v South Africa 23 July 2022BREAKING! Banyana Banyana secured their first-ever Women's Africa Cup of Nations title after defeating hosts Morocco 2-1 in the final on Saturday night. SLSiya Read more:
Read more »
Women's Africa Cup of Nations match report Morocco v South Africa 23 July 2022BREAKING! Banyana Banyana have been crowned 2022 Women's Africa Cup of Nations champions with a 2-1 win over Morocco on Saturday night. Read more ➡️
Read more »
Africa: Banned in Europe, Kremlin-backed RT channel to set up hub in South AfricaRT is setting up an Africa English language hub in South Africa. An earlier African plan had focused on a Nairobi office.
Read more »
South Africa: Fish in a Major South African River Are Full of MicroplasticsAnalysis - We are living in the plastic age. Plastics are literally everywhere: clothes, furniture, computers, phones and more contain plastic materials. It's no wonder, then, that the food we eat, the water we drink and even the air we breathe is contaminated with microplastics.
Read more »
The rise of ‘polyjobbers’ in South AfricaMore South Africans are turning to moonlighting, side-hustles or holding down multiple jobs to ensure their financial security, the Old Mutual Savings & Investment Monitor 2022 shows.
Read more »
The rules for building wealth in your 20s in South AfricaCitadel, the specialist wealth management company, asked a sample of young professionals between the ages of 21 and 24 to anonymously submit their most pressing financial questions on how to start building their wealth in their twenties.
Read more »