CYRIL RAMAPHOSA: How I plan to fix SA's economy
'We must be bold and determined. We should be targeting 3 percent GDP growth in 2018 – that is next year – rising to 5 percent growth by 2023'
ADDRESS BY ANC DEPUTY PRESIDENT CYRIL RAMAPHOSA AT THE ANC JOHANNESBURG REGION ECONOMIC COLLOQUIUM 2017 - ORLANDO EAST COMMUNAL HALL, SOWETO13 NOVEMBER 2017 It is proper and fitting that this economic colloquium is being held here in Soweto, because it is here, in places like Soweto – which were neglected during apartheid – where the future of the South African economy lies. It is in places like Soweto that the radical economic transformation of our country will take place and where its effects will most keenly be felt. It is the people living in townships, informal settlements and rural towns and villages who will occupy the new jobs that growth and transformation will bring, and whose families will benefit from rising standards of living.
It is in these areas that young and black entrepreneurs will emerge, new businesses will be established, new factories must be opened, new social infrastructure developed and where new technological innovations will emerge. If this is not t...