President Cyril Ramaphosa unveiled plans on Friday to reallocate R50-billion of the national budget, set up a new infrastructure fund and a range of other measures to revive an economy that’s mired in recession.
Browsing: Cyril Ramaphosa
A proposed South African stimulus package will include a set of economic reforms covering the mining, telecommunications, tourism and transport industries, the presidency said.
President Cyril Ramaphosa has said that government is moving with urgency to ensure radio frequency spectrum for broadband is allocated to telecommunications operators.
President Cyril Ramaphosa has suffered the same false start as his predecessor nine years ago: a recession in his first six months in office.
Department of telecommunications & postal services director-general Robert Nkuna has vowed that South Africa will be among the first countries to deploy next-generation 5G networks.
For the past eight years, South Africa was heading down the road to being run as a criminal enterprise.
South Africa has dropped proposals to boost supply from nuclear plants in its latest energy blueprint and will increasingly bring in renewable sources as it trims a reliance on coal.
President Cyril Ramaphosa had hopes of lifting economic growth to 3% in 2018. Economists think that goal is even more unattainable than before.
Standard Bank Group has allocated R10-billion to fund energy projects in South Africa as the continent’s largest lender by assets grows more confident in its home market and invests in riskier ventures.
South Africa’s economy contracted the most in nine years in the first quarter of 2018 as mining and factory output fell. GDP shrank an annualised 2.2% in the first quarter of the year compared to the prior three