The government has unveiled a 500 billion-rand package to support those worst affected by the shutdown. Ramaphosa is also spearheading a drive to garner more than $100 billion in private investment in infrastructure over the next decade.
Talks between business, labor and government leaders to reach agreement on the recovery plan are going slowly, but are making progress, a person familiar with the negotiations said on Wednesday, asking not to be identified as the discussions aren’t public. Sticking points are reducing the number of focus areas and being more specific about timing, resources and commitments, they said.
“Government has to a large extent run out of money and we are going to have to cobble money together,” he said. “The private sector will play a key role, government will lay a key role and we will all need to put shoulder to wheel to make sure this recovery plan works.”