South Africa’s ruling party African National Congress (ANC) on Thursday said the future of the country looks bright despite challenges they face.
The ANC spokesperson Pule Mabe said this on Thursday speaking at a panel discussion in Midrand at a black business summit.
He said the government is prioritizing attracting investment to boost the economy and create jobs amid the technical recession, disappointing 0.2 percent economic growth in 2019 and the projected 0.9 percent growth this year. “We are determined to transform the structure of our economy as part of eradicating the legacy of the Apartheid past.
Ultimately our goal is to build an inclusive economy- an economy that benefits all. We are acting decisively to ensure that energy security as well as stabilize and restructure our state owned enterprises,” said Mabe.
He pointed out that they are removing barriers to investment and creating policy certainty.
“We have placed economic growth and job creation at the center of our economic policy… reducing the time it takes to register a company to one day and reducing times it takes to secure regulatory approval and dealing inefficiencies and congestion in our ports,”he said.
Mabe said they are prioritizing manufacturing, agriculture, mining, tourism, digital economy, construction, renewable energy and creative industry as key sectors to enable economic growth.