Minister Mboweni said an extra R300 billion will be invested in the economy by the South African Reserve Bank over the period of the COVID-19 crisis.
In September, Ramaphosa announced the plan to revitalise the economy and set the country on a new path of growth, employment and transformation.
South Africa has dug itself into a deep hole. Ramaphosa’s efforts to root out corruption are a good – but not sufficient – first step to getting the economy onto a sound footing.
The government has said it would also launch a R400 billion “medium-term” infrastructure fund, that would be spent over three years, Finance Minister Nhlanhla Nene noted.
President Cyril Ramaphosa says he is confident the trip helped to reposition South Africa on an international scale.
President Cyril Ramaphosa released details of his plan to revitalise the economy, part of that was to also fill over 2,000 critical medical posts.
President Cyril Ramaphosa revealed details about the government’s R50 billion stimulus package.
At a briefing in Pretoria, President Cyril Ramaphosa announced measures to help ignite investor confidence and prevent job losses.
Cyril Ramaphosa says through this structure that they are creating, they'll be able to create economies of scale, have a megafund that will be able to galvanise even the private sector to participate in this.
President Cyril Ramaphosa announced the plan on Friday, saying that measures were being taken to reduce the cost of doing business in the country.
These are among the initiatives President Cyril Ramaphosa announced in Pretoria on Friday as part of the economic stimulus package.
The plan includes a revised Mining Charter, changes to visas, a R400 billion infrastructure fund and other measures to boost growth.
President Cyril Ramaphosa has announced a wide-ranging economic stimulus package which has placed investment focus on agriculture, townships and rural economies.
These are among the initiatives President Cyril Ramaphosa announced in Pretoria on Thursday as part of the economic stimulus package.
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 agricultural and mining sectors, as well as the township and rural economies, were highlighted in the plan which was revealed by the president in Pretoria on Thursday.
