A new deal for rad­i­cal trans­for­ma­tion in SA

Daily News - - MONEY/NEWS -

THE ac­cel­er­a­tion of rad­i­cal eco­nomic trans­for­ma­tion in South Africa needs a bold new deal to fight poverty, un­em­ploy­ment and in­equal­ity, Deputy Pres­i­dent Cyril Ramaphosa has said.

“Poverty, un­em­ploy­ment and in­equal­ity con­tinue as defin­ing fea­tures of our so­ci­ety. In the face of poverty, un­em­ploy­ment and in­equal­ity con­tinue to be black. The strug­gle to en­sure that all South Africans share in the coun­try’s wealth must there­fore stand at the cen­tre of our na­tional agenda,” Ramaphosa said on Mon­day.

Speak­ing at the ANC Jo­han­nes­burg re­gion’s eco­nomic col­lo­quium in Or­lando East, Soweto, Ramaphosa said that 23 years into democ­racy, it should be ac­knowl­edged that not all South Africans had reaped the eco­nomic div­i­dend of their hard fought democ­racy.

He said South Africa’s econ­omy and so­ci­ety needed to be trans­formed. He said that there were also struc­tural fea­tures of the South African econ­omy that needed to be rad­i­cally trans­formed.

“It is in places like Soweto that the rad­i­cal eco­nomic trans­for­ma­tion of our coun­try will take place and where its ef­fects will most keenly be felt. It is the peo­ple liv­ing in town­ships, in­for­mal set­tle­ments and ru­ral towns and vil­lages who will oc­cupy the new jobs that growth and trans­for­ma­tion will bring,” he said.

“It is in th­ese ar­eas that young and black en­trepreneurs will emerge, new busi­nesses will be es­tab­lished, new fac­to­ries must be opened, new so­cial in­fra­struc­ture de­vel­oped and where new tech­no­log­i­cal in­nov- ations will emerge.”Ramaphosa also called for a stop to cor­rup­tion, say­ing: “To those with vested in­ter­ests in in­ef­fec­tive gov­er­nance, de­lib­er­ate mis­gov­er­nance, hid­den deals, the con­cen­tra­tion of eco­nomic con­trol and un­fair labour prac­tices, we say: no more!” – ANA

DEPUTY PRES­I­DENT CYRIL RAMAPHOSA

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