Ramaphosa says the new system of government is working hard to cushion South Africans from rising food prices.
“Our second strategic priority as the Government of National Unity is to tackle poverty and the high cost of living. Even at a time when many companies are making large profits, millions of South Africans are suffering as a result of rising prices.
Ramaphosa has conceded that despite government’s efforts to improve the lives of South Africans over the past five years, most of the country’s people remain unemployed and poor. South Africa’s unemployment rate currently stands at 32.9%. It’s an increase from 25.5% in 2019 when Ramaphosa took over.“Fellow South Africans, despite the achievements of 30 years of democracy and the work undertaken over the last five years to rebuild our economy and our society, millions of South Africans remain poor, unemployed and live in a highly unequal society. For a decade and a half, our economy has barely grown.