- The National Economic Development and Labour Council has agreed on an action plan for the country’s economic recovery.
- President Cyril Ramaphosa met with the council on Tuesday.
- Details of the plan will be announced once it is finalised by Cabinet.
According to a statement issued by the Presidency on Tuesday, following a meeting between President Cyril Ramaphosa and Nedlac – a body comprised of representatives of government, business, labour and community – the details of the plan will be announced once it is finalised by Cabinet.
Speaking to Fin24 earlier on Tuesday, CEO of the South African Chamber of Commerce and Industry Alan Mukoki said South Africa could either “be successful” and “find its feet” or risk becoming a “failed state”, depending on the decisions made in charting a recovery.
“South Africa is not facing a short-term problem, South Africa is facing a long-term problem. Everything starts with a vision. What is the vision South Africa has for itself?” he said.
Mukoki pointed out that while the National Development Plan (NDP) for one maps out objectives such as addressing inequality and unemployment, it still lacks a detailed strategy of how to achieve these objectives. He likened the NDP to a “wish-list”.
Read the full article on the Fin24 website:
Ramaphosa’s economic recovery plan gets the green light from business, labour