SA has all the ingredients to recover from Covid-19 economic damage - Ramaphosa

Writing in his weekly newsletter, Ramaphosa acknowledged the severity of the economic damage caused by the pandemic, saying the most recent indicators showed a drastic decline in economic activity and in investor confidence.

Ramaphosa said it was untenable and unacceptable to live with an unemployment rate of 30%, which will soon increase.The president said many of the plans under discussion raise fundamentals such as reliable energy, access to broadband spectrum, competitive ports and efficient transport. He said in all the proposals put forward in recent weeks, there is a substantial emphasis on improving execution.

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