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Political parties 'welcome with caution' Ramaphosa's recovery plan

Inkatha Freedom Party Member of Parliament Mkhuleko Hlengwa says South Africa has been down this road before and previous attempts have amounted to nought.

Picture: Supplied

CAPE TOWN - Political parties in Parliament have reacted cautiously to President Cyril Ramaphosa's stimulus package announcement.

Ramaphosa earlier announced a wide-ranging economic stimulus package which has placed investment focus on key sectors like agriculture, tourism as well as infrastructure development.

The president says the package contains five measures to stimulate the economy.

There's nothing new about Ramaphosa's 'new deal' stimulus package to reignite the economy and steer it out of a technical recession.

Inkatha Freedom Party Member of Parliament Mkhuleko Hlengwa says South Africa has been down this road before and previous attempts have amounted to nought.

“The IFP hopes the minister of finance and the president are not going to play with the lives of South Africans through sloganeering, which has been the norm every time our economy has plunged into one form of crisis or another. Therefore, we welcome with caution this recovery plan.”

Hlengwa adds there’s nothing new or radical in the announcement.

“There’s nothing radical that he’s announced, it’s practically the same script by different actors.”

'LIP SERVICE'

Opposition parties have even dismissed Ramaphosa's economic stimulus plan as nothing more than lip service.

Freedom Front Plus MP Pieter Groenewald says it is not the state's responsibility to create jobs.

“The private sector must start to build the economy, the government is not a labour agency [because] government cannot create jobs.”

The Democratic Alliance says in the end, the "stimulus and recovery plan" is likely to have a modest effect on economic growth and job creation, and it is likely to be compromised by "reckless" economic policy proposals such as land expropriation.

The stimulus package announcement comes not too long after Ramaphosa announced a $100 billion investment drive as part of his new dawn policy earlier this year.

On the stimulus package, Ramphosa says the minister of finance will provide more details during the medium-term budget policy statement next month.

He says South Africa will also review its visa regime as approved by Cabinet, in a bid to unlock greater investment to boost tourism sector and ease business travel.

WATCH: Ramaphosa announces measures to stimulate SA economy

(Edited by Winnie Theletsane)

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