12 February 2016
In his State of the Nation
Address, President Jacob Zuma said, a resilient and fast growing economy is at
the heart of governments’ radical economic transformation agenda and the
National Development Plan.
He said when the economy grows fast it delivers
Zuma added that government is developing a One Stop Shop initiative to
signal that South Africa is truly open for business.
He promised that
government will fast track the implementation of this service, in partnership
with the private sector, Zuma said
"Our economy has been facing difficulties
since the financial crisis in 2008. We embarked on an aggressive infrastructure
development programme to stimulate growth.
Our reality now is that global
growth still remains muted. Financial markets have become volatile. Currencies of
emerging markets have become weak and they fluctuate widely.
The price of gold, platinum,
coal and other minerals that we sell to the rest of the world have dropped
significantly and continue to be low”.
Labels: Government's radical economy transformation agenda to be implemented.