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Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
We are therefore pursuing empowerment through master plans in several industries, agreements with business and labour to reduce imports, worker ownership schemes and promoting greater competition through the Competition Act. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The regulatory frameworks set out in the Broad-Based Black Economic Empowerment Act are sufficiently flexible to accommodate a number of different approaches to transformation. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Many of these programmes have broader economic benefits. Funding for black industrialists by the Department of Trade, Industry and Competition and its entities is creating platforms for a new entrepreneurial industrial class that can fully harness the resources of our country. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Third, we are promoting spatial transformation, enabling more balanced growth between rural and urban areas and between provinces. This includes district-based industrial initiatives like the Special Economic Zones and supporting the growth of township and rural economies. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Second, we are addressing structural challenges to growth through active competition policies, particularly where concentration levels in the market limit new entrants and small and medium businesses. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This includes promoting a greater spread of ownership in the economy, especially among black, women and young industrialists, and supporting worker share ownership. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
There are three broad areas of focus: First, we are strengthening inclusivity by broadening ownership and promoting more inclusive corporate governance. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Such measures have been deployed in the context of an economy with a high degree of market concentration which limits the opportunities for new entrants. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
These measures include skills development, preferential procurement, investment in black-owned and -managed firms, and increasing the number of black people who manage, own and control enterprises and productive assets in the economy. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The legislation aims to ensure that black people, women, workers, youth, people with disabilities and people living in rural areas are empowered through a series of integrated socio-economic measures. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
While the policy framework on broad-based black economic empowerment has evolved, its strategic intent has been guided by the Broad-Based Black Economic Empowerment Act of 2003. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Unless we open up the economy to all, we will never realise our economic potential. For this reason, implementation of transformation and empowerment policies will continue to unfold to create an inclusive economy. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
They are also necessary for economic growth and job creation by opening up the economy to black professionals and entrepreneurs and to build the capital base owned by black industrialists, workers and communities. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
While progress has been made in empowering black people and women in the economy, the benefits of this progress have not been felt by all South Africans. These policies are not only about justice and historical redress. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Honourable Members, Broad-based black economic empowerment, affirmative action and other transformation policies were introduced to address the imbalances created by years of apartheid rule. #RamaphosaQandA https://t.co/iS8uKmihG5 — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The ambitious actions that the Commission has proposed, developed through extensive stakeholder engagement and consensus building, will play a significant role in enhancing the effectiveness of South Africa’s response to climate change and implementation of a just transition. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Presidential Climate Commission has a further function to monitor and evaluate government performance against implementation of our climate commitments. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
An immediate priority is making recommendations on the energy mix and energy governance to achieve the mid-century net zero emission target. These recommendations are due in the first half of 2023. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This will include research work on net-zero pathways for each sector of the economy, local government planning, climate resilient development and funding the transition journey. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Commission will now focus on developing an implementation plan for the Just Transition Framework together with all relevant institutions. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Presidential Climate Commission’s recommendations to date have therefore focused on enhancing South Africa’s commitment to lower emissions through a more ambitious Nationally Determined Contribution and establishing a framework to guide the just transition. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Commission recognises the high levels of poverty, inequality and unemployment in South Africa, the intensity of our greenhouse gas emissions intensity and our economic vulnerability to a global transition to a low carbon economy. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The commissioners, supported by the secretariat, make recommendations to government on the implementation of a just transition in South Africa. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Honourable Members, The Presidential Climate Commission is an essential part of our country’s response to what we have described as the existential threat of climate change. #RamaphosaQandA https://t.co/iS8uKm08rX — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Infrastructure Fund has taken some time to get going, but it is now proving to be an important driver of new investment in social infrastructure. @infraSA_ — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Projects that could form part of this pipeline would stimulate socio-economic development through investment that enables effective wastewater treatment, efficient cross-border trade and movement of people and improved broadband connectivity in public facilities. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Infrastructure Fund is collaborating with government departments and institutions such as Infrastructure South Africa and the Development Bank of Southern Africa to expand the blended finance project pipeline. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Infrastructure Fund has played a supporting role in packaging social infrastructure projects, such as the Gauteng Schools Programme, which aims to design and construct schools in the province. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The #InfrastructureFund has submitted eight projects for the next bid window of the Budget Facility for Infrastructure. These projects are in the areas of water and sanitation, transport, mixed-use developments and student accommodation. https://t.co/iS8uKmhJQx — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Social infrastructure projects approved for funding include parts of the Student Housing Infrastructure Programme and the Social Housing Programme. — PolitiTweet.org
