Charles Molele
The African National Congress has an elaborate plan on how to create an inclusive economy. The plan includes how to stimulate growth by creating more than 257 000 jobs per annum.
President Cyril Ramaphosa outlined this on Saturday at the ANC’s manifesto launch in Durban, KwaZulu-Natal where he said it was ‘a tragedy of vast proportions’ that over 9 million South Africans were unemployed.
The unemployment rate in South Africa rose to 27.5 percent in the third quarter of 2018 from 27.2 percent in the previous period, according to Stats SA.
Ramaphosa told thousands of ANC supporters that among other instruments, the government will use procurement to support transformation and job creation including allocating 30% of procurement spent to small businesses and cooperatives.
Ramaphosa said “we are going to make sure that we utilize Government’s procurement to ensure we do benefit SMMEs, particularly those that operate
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
