Business and government’s big plan to save South Africa gains traction

Government and business leaders say their plan to fix South Africa’s most significant issues is progressing.

“This collaboration is built on the recognition that we need to take bold and urgent action to confront these challenges and place South Africa on a trajectory of growth and job creation,” President Cyril Ramaphosa said. Business technical terms are also working through NECOM to introduce key energy reforms, and these reforms aim to recover roughly 5,500 MW of energy – five stages of load shedding – in the next year.

Four Corridor Recovery Teams have been created and will focus on commodity export supply chains in coal, iron ore, manganese, chrome and magnetite to work on performance constraints. Another Container Corridor Recovery team is currently being constructed, with inputs from representatives from major shipping lines, agriculture and automotive sectors.

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