Ramaphosa declares economic emergency as South Africa faces deepening crisis

Ramaphosa declares economic emergency as South Africa faces deepening crisis



President Cyril Ramaphosa declared an economic emergency as South Africa faces its worst downturn in decades. Growth has stalled below one percent for years, and unemployment remains above 30 percent. His new 10-point recovery plan aims to revive productivity, attract investment, and create jobs.

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33 thoughts on “Ramaphosa declares economic emergency as South Africa faces deepening crisis

  1. Yes, Cyril you thick shmuck. Spend a decade threatening property rights, screw up foreign policy with biggest trading partner, and do absolutely everything possible to deter investment while going out of your way to encourage capital flight. Stagnant economy and unemployment follow. Shocker.

  2. If goverment can lower to pension age it would help.While most people retire at 65 and now they want us to retire 70 wuch is bad for the unemployed youth The longer people stay employed the longer they hold the positions closed for others.Do if ten million people had to retire at 65 and only retire at 70 then in would be ten million per year extra x the five years hold that spot would be fifty million over that extra five years.All pension should end at 60 do that all our youths can get their chance aswell.If u did not plan for your old day then why should our youths suffer for your mistakes.The older generation is keeping to door of opportunity closed for our youths.Just saying

  3. You can try all kinds of plans to rescue economic disaster in South Africa. Start by stopping the looting of funds to run the country. ANC does not want to face the truth. This country is broken until the looting stops.

  4. Problem. Reaction. Solution. The ANC creates the problem. The people throw a tantrum for a solution. The ANC proposes a solution that favors their agendas. Redo.

  5. They gave the farms to the blacks but very few are still growing anything. They should have left the white farmers alone. I have a black friend in South Africa and he says his electricity works less than half the week. He said the leaders are so corrupt and stealing and putting their gains in European banks to keep it hidden.

  6. Business as usual for the ANC is grift, incompetence, and inaction. It takes a declaration of a National State of Disaster (Escom) and now an economic emergency to motivate people to work and to allow competent people (not the ANC) to fix issues. The ANC doesn’t even understand the very basics of how to run an economy because they spent the last 30 years perfecting corruption.

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