The European Business Council for Africa

After seven months of lockdown, South African President Cyril Ramaphosa tabled an “economic reconstruction and recovery plan” on Thursday in response to the staggering effects of Covid-19 on the country’s economy.

The president’s plans respond to the immediate economic impact of the pandemic by driving job creation and expanding support for vulnerable households.

“We aim to do this primarily through a major infrastructure program and a large-scale employment stimulus, coupled with an intensive localization drive and industrial expansion,” Ramaphosa said in his address.

Some of Ramaphosa’s economic reconstruction and recovery plan highlighted in Parliament: […] 

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