SA can achieve economic recovery: Ramaphosa

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President Cyril Ramaphosa says South Africa can learn from other countries on how to achieve economic recovery.  He was speaking in the National Assembly during his maiden oral reply session as President on Wednesday.

Ramaphosa says South Africa’s economic recovery can be achieved with the support of labour, government and business.

“We can see that investor confidence has improved quite significantly. It is therefore critical that we unite all our social partners behind a common programme of economic recovery and transformation. And we can take leave from how other economies around the world that have had to address their economic woes … countries such as Ireland, Netherlands, South Korea and Sweden in the past successfully forged what one can call economic growth.”

Ramaphosa says next April’s National Jobs Summit will focus on practical measures that will lead to the creation of jobs for the youth.

“Over the course of the next few months, we will be engaging social partners in preparation for the National Jobs Summit. The summit, which is being looked forward to by many sectors, will agree on practical measures that will create jobs, particularly among young people. The outcomes of that summit will form an important part of the broader social compact that we are striving to build.”

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