In his weekly message to the nation, Ramaphosa said his country’s recession and the coronavirus-hit economy must follow his development proposals to reduce its current unemployment rate by 30%.
Unemployment rate could soon rise, he said, unless South Africa gives more impetus to its plans to seek “new sources of growth in a fundamentally different context”.
“Many of the areas we previously identified remain relevant and urgent – such as the growing small and medium-sized business sector and the agricultural sector that provides food security.
“Certain sectors have taken on a new meaning. We should, for example, take this opportunity to build a greener economy, our entrepreneurs entering new areas, such as hybrid cars, fuel cells, storage batteries and waste recovery”.
Ramaphosa said he was convinced that the plans put in place in February (state of the budget) before the pandemic hit the country, and those put in place to maintain economic activity during containment, would allow the reconstruction of the economy. .
However, this would require assistance from outside the government and a strong commitment to act.
“In all of the development proposals put forward in recent weeks, the focus has been on improving execution.
“We have to look outside the state. We need to bring together the best local skills available, whether in business, academia or civil society, to support our common development agenda, ”the President concluded.