Former president Thabo Mbeki has urged the government and the business sector to form a social compact and work together for the reconstruction and recovery of South Africa’s economy.
Mbeki added that in July last year, local businesses established a plan that would see them invest R1 trillion in the country’s economy as well as a contribution of R100 billion towards revenue.
He maintained that President Cyril Ramaphosa also produced a reconstruction and economic recovery plan in October 2020 when he addressed the joint sitting of Parliament. Mbeki, however, indicated that Ramaphosa’s plan, though very positive in outlook, was unlikely to drastically reduce the high level of unemployment in the country.
“Therefore the ANC manifesto is emphasising that all these social partners must form a social compact to deliver on the needs of the people. They must work together and it is only through that social compact that houses, roads and jobs will be created.”
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.
Thabo Mbeki to seek second term as Unisa chancellorAfrica’s largest open distance-learning institution to elect a new chancellor next month, and the ex-president has made himself available.
Read more »
ANC is too big to fail, says MbekiThe former president has called on the ruling party to elect leaders who will manage the resources and use them responsibly.
Read more »
Thabo Mbeki to seek second term as Unisa chancellorAfrica’s largest open distance-learning institution to elect a new chancellor next month, and the ex-president has made himself available.
Read more »
Kenya to raise reporting threshold for cash transactions at banksHigher limit on cash deposits or withdrawals will assist small businesses who mostly deal in notes, president says
Read more »
Meghan Markle writes open letter to US Congress advocating for paid family leave | ChannelIn an open letter to House Speaker Nancy Pelosi, Meghan Markle implored the US government to provide paid family leave.
Read more »
Prasa won't be able to provide a reliable service, says railway group bossPassanger Rail Agency of SA CEO Zolani Matthews says he is not confident that the railway group can provide a reliable service in the coming financial year.
Read more »