JOHANNESBURG - South Africa must make it cheaper and easier to do business in the country in order to attract the investment necessary to build the economy at a faster pace and create jobs, President Cyril Ramaphosa said on Monday.
In the latest edition of a newly-launched weekly column, Ramaphosa celebrated that the country had climbed seven places in the World Economic Forum's latest Global Competitiveness Report released last week, calling it a "noteworthy achievement within a relatively short period of time". Ramaphosa, who has been president since his predecessor Jacob Zuma was forced to step down ahead of schedule in February 2018, faces the daunting challenge of spurring growth in an economy that expanded by less than one percent per year over the past decade, while unemployment has risen to 29 percent.
"One of our tasks is to grow our economy by reducing the cost of doing business," said the president, who is currently in London to address a Financial Times Africa summit. "As we work to create jobs and employment opportunities, we are also working to reduce the cost of living. This explains our efforts to bring down the cost of electricity, data, public transport, health care and education."
busrep Talking shit how much is the litre of petrol
busrep As long as BEE and AA are in place in their current form the real potential of the economy cant be unlocked. I will not invest in an economy with racist laws where 30% is good enough to pass
busrep Outlaw Unions and SA will be on the path of success!!
busrep All talk Cyril
busrep Government needs to deal with corruption, stop peddling lies. The ANC is the problem, as they are only interested in filling their own pockets. I have never seen a more destructive force than the ANC at work. They wont be happy until there is nothing left, then blame apartheid
busrep What’s the point of getting the investment when all the jobs are being taken by Migrants? Ramaphosa is an idiot! He is issuing millions of work permits to migrants and yet he says he is creating jobs for South Africans. This President is mad!
busrep SA must allow exploitation of workers.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABC News Online - 🏆 32. / 51 Read more »