President Cyril Ramaphosa has expressed concern about the country’s increasing unemployment figures, saying government will soon announce a stimulus package that will re-ignite economic growth.
He was answering oral questions in the National Assembly. Ramaphosa says government is prioritising the creation of jobs especially for women and young people.
He has encouraged local companies to invest locally so that more jobs can be created. The President says the reliance on raw exports has a negative impact on economic growth.
“We must treat unemployment as a burning platform. A challenge that requires extra ordinary measures and exceptional efforts that we need to make to address this and succeed. It is important to understand the causes of reliance on raw exports.”
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