Economics
Ramaphosa Gives Taste of Plan to Kickstart South African Economy
- President shared part of package with business, labor leaders
- Reforms cover mining, telecommunications, transport, tourism
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South African President Cyril Ramaphosa shared parts of a package of reforms to kickstart an economy that’s in recession with business and labor leaders last week.
The measures, already adopted by the cabinet, will “secure confidence in sectors affected by regulatory uncertainty” and cover mining, telecommunications, tourism and transport, the presidency said in a emailed statement Sunday. It will “reprioritize government spending, within the existing fiscal framework, toward activities that will stimulate economic activity,” it said.