President Cyril Ramaphosa pledged to implement a strategy to revive South Africa’s economy, yet it remains unfulfilled.
18 months after South African President Cyril Ramaphosa pledged to forge a “social compact” within 100 days to fire up the economy and tackle rampant unemployment and a multitude of other ills, government, business, and labour union leaders remain at loggerheads over what needs to be done.
“The most pressing challenge appears to be one about ideological positions among social partners in respect of the path to growth, which have not shifted despite the enormous crisis the country faces,” Deputy President Paul Mashatile said in a speech at Nedlac’s annual summit in Johannesburg on Friday.
Africa’s most industrialized economy has been hobbled for years by power shortages, inadequate port and rail capacity and dysfunctional municipal administrations, and more than 22 million of its people are unemployed or have given up on the prospect of finding a job.
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