PRESIDENCY – Government is making efforts to secure growth and deal with unemployment

Efforts to grow the nations economy is still inĀ  progress as the president Ramaphosa further reveals measures been put in place. In a statement, the presidency said Ramaphosa had highlighted these and other efforts during his appearance in Parliament on Thursday to give oral answers to legislators’ questions, the first time he was doing so since his election in May.

The presidency revealed that Ramaphosa’s government has made changes to visa regulations for tourists and highly skilled professionals, availed financial support for black farmers and black industrialists and upgraded industrial parks as part of efforts to secure economic growth and deal with unemployment. while addressing the parliament, Ramaphosa revealed that a recent intervention in this direction was the designation by the department of home affairs of a number of countries that would receive visa waivers, among them countries with high tourism potential like Saudi Arabia and Qatar.

The presidency said measures were in place to safeguard key agricultural sectors like the poultry industry, protecting local jobs; the Ports Authority of South Africa had also reduced tariffs by six percent in late 2018 while also decreasing container and automotive cargo dues, making it easier to do business in the country.
Ramaphosa said R3.9 billion funding had been released to support black commercial farmers through the state Land Bank; Between September 2018 and July 2019, the Industrial Development Corporation had approved about R14 billion in infrastructure funding for roads, human settlements, water infrastructure, schools, student accommodation and public transport.
The presidency said Ramaphosa and his deputy David Mabuza were set to convene regular meetings with the National Economic Development and Labour Council to review progress in implementing commitments made at a job summit last year. To improve the levels of investment in the economy, the government would host a second investment conference on November 5-7, following on the first one held in 2018.

President Ramaphosa reaffirmed economic growth and job creation as the apex priority of the sixth administration. The president provided evidence of implementation of the economic stimulus and recovery plan introduced by government in 2018 to shore up the economy.”

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