FIKILE MAJOLA: Special economic zones can boost jobs and assist in economic recovery
On October 15 President Cyril Ramaphosa presented SA’s economic reconstruction and recovery plan to a joint sitting of parliament. Before the Covid-19 global pandemic the SA economy was already in decline, with countless South Africans experiencing severe hardship and suffering. The impact of the pandemic has worsened this by causing a decline in economic activities through all sectors of the economy, thereby increasing the number of people living below the poverty line.
The objectives of the plan centre on mitigating the effects of the pandemic through the creation of employment through infrastructure investments, re-industrialisation through growing small businesses, unlocking of investments, defeating crime and corruption and enhancing the capability of the state. Following the overall vision of the National Development Plan, at the centre of the reconstruction and recovery plan lies the creation of sustainable employment though infrastructure, localisation and industrialis...
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