Implementation of economic reform is a job for right now, Cyril Ramaphosa tells SA

President Cyril Ramaphosa arrives to deliver his state of the nation address at parliament in Cape Town, June 20 2019. REUTERS/Sumaya Hisham

He said that of the R300bn worth of investments announced at the inaugural investment conference in 2018, just more than R250bn worth of projects were in the implementation phase. This includes reviewing the way the government co-ordinates work to resolve challenges faced by investors and reforming investment promotion policy and architecture.

In discussions with business, the government had committed to remove the policy impediments and accelerate implementation of these projects. The country had to reach a point where no company needed to wait more than six months for a permit or licence, and new companies could be registered in a day. The president said infrastructure was a critical area of investment, and the new approach to infrastructure development was based on stronger partnerships between the public and private sectors, and with local communities.

White people are smiling when they see Cyril

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