President Cyril Ramaphosa: Economic stimulus and recovery plan, 21 September 2018

22 Sep 2018
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Presidency logo
22 Sep 2018

President Cyril Ramaphosa announced an Economic stimulus and recovery plan on 21 September 2018. "The stimulus and recovery plan we are outlining consists of a range of measures, both financial and non-financial, that will be implemented immediately to firstly ignite economic activity, secondly restore investor confidence, thirdly prevent further job losses and create new jobs, and fourthly to address some urgent challenges that affect the conditions faced by vulnerable groups among our people."

The stimulus and recovery plan has five broad parts: 
"Firstly, implementation of growth enhancing economic reforms. Secondly, reprioritisation of public spending to support job creation.
Thirdly, the establishment of an Infrastructure Fund. Fourthly, addressing urgent and pressing matters in education and health.
Fifthly, investing in municipal social infrastructure improvement."