Friday, February 12, 2016

Government's radical economy transformation agenda to be implemented

Raymond Pani
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 jobs.

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”.



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