South Africa to Fight Graft, Boost Mining in Recovery Plan
- Agreement is between government, labor unions and business
- Interventions include building gas terminals, selling spectrum
Cyril Ramaphosa
Photographer: Phill Magakoe/AFP via Getty Images
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An unprecedented economic recovery plan set to be unveiled by South Africa’s President Cyril Ramaphosa focuses on fighting graft, encouraging mining investment and boosting infrastructure investment.
The plan was negotiated between government, labor unions and business leaders -- a first in South Africa -- and aims to chart a way out of an economic trough deepened by the coronavirus pandemic and a lockdown to curb its spread.