JOHANNESBURG - President Cyril Ramaphosa on Wednesday said that the country’s new administration would focus on repairing the economy and creating jobs as a priority.
"What we will be seeking to come out with an institutional framework that will serve our people best and our economy well,” Ramaphosa said. “The key problem we face as a country is low economic growth. It all revolves around the economy. We are going to focus on more ways of generating economic growth and creating jobs. The structure of the government is going to speak to that.”
On Tuesday, Statistics South Africa said its data showed that unemployment reached a near two year high in the first quarter as the construction and financial services sector came under pressure. He said it would also speed up the reform of policies such as Visa regulations that have hampered growth.
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WATCH: Rand comes back down overnight | IOL Business ReportGet the latest market update and top stories from our newsrooms across South Africa, Africa and the world.
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Molefe had 'unbundled' confinement tenders | IOL Business ReportTransnet's executive manager for governance, Peter Volmink lifted the veil on the impunity with which former group executive Brian Molefe and chief financial officer Anoj Singh handled tenders at the company. busrep
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