President Ramaphosa presented
highlights of the stimulus package that will soon be
announced publicly, to business and labour leaders during a
consultative meeting on Friday, 14 September 2018, on
economic recovery, investment and job creation.
The meeting in Pretoria was a preparatory dialogue ahead of
the forthcoming Jobs Summit and Investment Conference.
The meeting was also attended by Deputy President David
Mabuza, ministers in the Economic Cluster, leaders of
business formations, CEOs and leaders of the countryˇ¦s major
President Ramaphosa indicated that the stimulus package
would reprioritise government spending, within the existing
fiscal framework, towards activities that will stimulate
The package will include a defined set of economic reforms
covering issues such as mining, telecommunications, tourism
The meeting agreed that South Africaˇ¦s economic recovery
demanded urgent implementation of the stimulus package and
promised growth-enhancing reforms.
The meeting also discussed proposals to establish an
infrastructure development initiative that draws in
private-sector funding and delivery expertise.
The President welcomed the offer extended by business for
the secondment of private-sector professionals to government
to improve implementation.
The meeting provided an opportunity for government, business
and labour to exchange views on challenges facing the
Delegates engaged frankly on constraints to growth and
entrepreneurship, and issues affecting the lives of
citizens, including safety and security.
Business and labour welcomed the measures being proposed to
stimulate the economy, alleviate pressure on the poor and
create and preserve jobs.