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Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Through the deployment of our investment promotion ecosystem, which includes #InvestSA, @IDCSouthAfrica, #BrandSA and supported by various agencies in the provinces, we have – over 4 years – managed to raise new investment to the value of R1.14 trillion. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
I came into office with a clear determination to raise the level of investment in the economy. I set a target of R1.2 trillion in new investment over 5years. This is important as a driver of economic activity and dynamism. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Key sectors of the economy are dominated by a small number of players, as work by the Competition Commission, including its recently released study on concentration, has shown. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This economy is also highly concentrated. Economic activity is clustered in a few, mostly urban, centres. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The socio-economic texture of the South Africa of today is a product of a commodity exporting economy with a small emissions-intensive manufacturing sector – although the service sector has gained prominence over time. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
While we are working to address constraints on growth, we are also pursuing new sources of inclusive economic growth. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This approach links payment for training provided to placement of candidates in a job opportunity. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
To ensure that skills training is linked directly to the demand in the economy, we are pioneering a fundamentally different approach to skills development for unemployed youth. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Another innovation is the Digital Work Accelerator as a coordinated public-private initiative to enhance digital skills and create digital jobs. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
As I indicated in #SONA2022, the Department of Higher Education and Training will place 10,000 unemployed TVET graduates in workplaces from April 2022. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Among other things, this means ensuring that there is a firm link between the skills and competencies being produced and those required in the economy. We have initiated several programmes to link training to workplace experience and employment. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The resultant skills gap is also a significant contributor to inequality and undermines efforts to end inter-generational cycle of poverty. The only sustainable way to bridge the skills gap is to dramatically improve the performance of all levels of our education system. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Another major constraint on growth and employment are the relatively low skills levels in the country and the inadequate outcomes of our education system. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
To unleash the energy of the private sector, especially the small and informal segments where the majority of jobs are created, we have created a Red Tape Reduction team in the Presidency to remove regulatory impediments to entry and growth. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
With an economy stuck in low gear, battered institutions and declining productivity, an important strand of economic policy making over the past four years has been on fixing the fundamentals of the economy. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The democratic government has developed inclusive policies and arrested this trend of divergence. But there is consensus that far more is required. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Although there were periods of improvement towards 2009, the ratio fell back to 26% by 2018. By way of contrast, China clocked in at 2% of the G7 average in 1970 and surged to a third by 2018. We have to ask ourselves: why are we falling behind? — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
In 1970, GDP per head in South Africa stood at just over half that of the average G7 level, at 53%. By the end of the 1980s, South Africa’s relative GDP per head had shrunk to a third of the G7 average and by 1994 it was closer to a quarter. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Yet for significant parts of the developing world, especially Africa and Latin America, convergence has been elusive. In the case of our own country, the past decades have brought periods of divergence. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
An open economic order, we have been told, will ensure that technology and know-how is diffused across the world, bringing all economies progressively closer to the technological frontier. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Capital will flow from where it is abundant to areas of the globe where it is less available, and earn higher returns in those regions of relative capital scarcity. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Economic theory predicts that developing economies will converge towards the performance of richer countries. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Post-apartheid South Africa continues to labour under a crisis of exclusion. A fifth of households experience hunger, over a third of adults are unemployed, and this remains one of the most unequal societies in the world. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Oxford Handbook of the South African Economy comes at a time of great upheaval in the global economy. The COVID-19 pandemic has depressed economic activity, disrupted global supply chains and deepened inequality. https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Webinar Launch of the Oxford Handbook of the South African Economy https://t.co/5RiAAiBlPz — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Now is the time to heal, to recover and to rebuild. Nkosi sikelela iAfrika https://t.co/K7b6w865hn — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
We are hopeful that the worst is behind us, and we are confident that there are only better days ahead. Now is the time to grow our economy and create jobs. Now is the time to get our country back on track. https://t.co/K7b6w865hn — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Although the pandemic is not over, and although we continue to remain cautious, we can be confident that we are in a better position now than we have been at any other time over the last 750 days. https://t.co/K7b6w865hn — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Our greatest responsibility is to make sure that we are vaccinated against COVID-19 and to encourage others to get vaccinated. https://t.co/K7b6w865hn — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Importantly, by ending the National State of Disaster we are each taking more individual responsibility for protecting our health and the health of others. https://t.co/K7b6w865hn — PolitiTweet.org
