By South Africa is beginning to reap the economic spin-offs from the public-private sector partnership established by President Cyril Ramaphosa a year ago.
Coupled with the influence of the Government of National Unity (GNU), the economy of the country is gaining momentum with the Rand reaching the R17 mark against the US Dollar, and inflation cooling down. Investor confidence has received a major boost as well.
During the South Africa Investment Conference (SAIC) last year in April, President Cyril Ramaphosa had pledged to raise R1.2 trillion worth of investment into the economy of South Africa over five years, but that target was exceeded by 26% reaching R1.5 trillion.
The South African Government has embarked on a partnership trajectory with business with the aim of securing progress in energy, transport and logistics, and the combating of crime and corruption as enablers of economic growth and the creation of jobs.
According to the Presidency, the partnership has made substantial progress thus far, particularly in the significant reduction in load-shedding.
President Cyril Ramaphosa will on Tuesday, 1 October 2024, launch on behalf of government the phase 2 of the Business and Government Partnership, he, together with senior government and business leaders will provide feedback on progress to date and ambitions for the year ahead.
The launch will take place at the Industrial Development Cooperation (IDC) in Sandton at 17:00.
