CAPE TOWN - President Cyril Ramaphosa on Wednesday assured a gathering of investors in Johannesburg that his Cabinet will be restructured to bolster plans to grow South Africa's economy.
"The structure of Cabinet in the sixth administration will enable government to focus on generating higher economic growth, creating more jobs and serving the people of South Africa better," read a statement from the presidency following Ramaphosa's interaction at the Goldman Sachs conference. Ramaphosa told executives at the gathering that the incoming administration would fast-track the implementation of the National Development Plan, South Africa's development blueprint.
The president also addressed South Africa's beleaguered state-owned companies, specifically Eskom. The utility's operational and financial woes has led to the country being plunged into darkness several times "President Ramaphosa acknowledged that weaknesses existed within state-owned enterprises but said work had begun to strengthen governance and the financial standing of state-owned enterprises including Eskom."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
New Dawn appears fake news. The list of candidate MPs,as submitted to CJ Moeng, contains most of the incompetent & corruption tainted ANC members. More of the same 💩!
Ramaphosa is all about money he care about nothing elss
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Cabinet size, structure among key post-election investor issues for Ramaphosa' | IOL Business ReportThe size and structure of SA's new cabinet are among the key issues investors will judge President Ramaphosa on after last week's national elections. busrep We need to seriously talk about provinces. We don't really need them. We're not a federal state. I still don't know what those provincial parliamentarians really do. We can save lots of money by getting rid of them or reduce them as a start.
Source: IOL - 🏆 46. / 51 Read more »
Ramaphosa says turnaround at Eskom will bear fruit soon | IOL Business ReportPresident Cyril Ramaphosa today told local and international investors that South Africa’s economy would be in ‘top gear’. busrep And let me guess.....he allegedly lied with a straight face and then laughed. busrep How can a company who supplies the majority of S A's with 220v be in debt of over R400 billion ......... BILLION Something not right there !! 🤢 busrep Fruit for who is the question? Won’t be us we will get another tarring increase.
Source: IOL - 🏆 46. / 51 Read more »
Ramaphosa says government is committed to speedy economic reforms | IOL Business ReportSouth Africa’s President Cyril Ramaphosa said on Wednesday that the African National Congress-led government will speed up economic reforms. busrep Investors will only take you seriously when they see some serious action being taken against corruption, but yet, those implicated in corruption still rule the roost. busrep So you will get all the comrades to give the money back they stole and have them prosecuted. Get the ANC publicly apologize for failing SA for the past 25 years
Source: IOL - 🏆 46. / 51 Read more »
Elections boost business confidence | IOL Business ReportThe incoming administration is set to inherit improved business confidence after sentiment rose in April for the first time since January in anticipation of a more stable post-election policy environment. busrep busrep You are as gullible as the 30percenters
Source: IOL - 🏆 46. / 51 Read more »
South Africa's unemployment rate rises to 27.6% in first quarter | IOL Business ReportStatistics South Africa today said that the number of employed persons decreased by 237 000 to 16,3 million in the first three months of this year. busrep We all know what the cure for unemployment is. Let’s be bold and implement it. busrep Thank u myanc busrep Thats what most people voted for
Source: IOL - 🏆 46. / 51 Read more »