Confidence must lead to investment. Investment must lead to production. Production must lead to jobs. - President Cyril Ramaphosa.
The Government-Business Partnership has launched its third phase, with an ambition of lifting economic growth above 3% and contributing towards one million additional jobs by 2030, as South Africa’s unemployment rate remains above 33%.
The partnership was established in 2023 and has already gone through two phases focused on stabilising the economy and implementing structural reforms. President Cyril Ramaphosa said Phase Three must now turn that progress into faster growth, investment and employment.
“Phase One was about stabilisation. Phase Two was about reform. Phase Three must be about growth,” Ramaphosa said at the launch in Johannesburg on Thursday.
But the economic challenge that prompted the partnership remains substantial.
