South Africa’s economy is our top priority: Zuma

The economy of South Africa is government’s main priority due to the current global economic climate, President Jacob Zuma said.

By - February 13, 2016 Share on LinkedIn
South Africa Rand Mandela

South Africa’s economy is government’s main priority due to the current global economic climate, President Jacob Zuma said on Saturday.

“The global economic climate is far from favourable. South Africa has made the economy an apex priority in this current period,” Zuma told guests at the Ubuntu Awards gala dinner in Cape Town.

He said government had been meeting with the country’s business community to work on placing measures in place which would ignite growth and help the country create more jobs.

“We will be meeting with labour and other sectors as well, as we respond to the persistent low growth, low commodity prices and other challenges facing developing economies.”

He said the aim was to build a resilient economy which would enable government to address challenges of unemployment, poverty and inequality. South Africa also wanted to see the growth of economic development on the rest of the continent.

“In this regard, we encourage our business community to invest in the African continent to assist in creating jobs and improving the standard of living.

“We participate in all activities aimed at making Africa trade with itself more,” Zuma said.

He said regional integration efforts and the creation of continental free trade area were a step in the right direction, which would contribute “immensely” to Africa’s development.

“Indeed, we want an Africa that is peaceful, prosperous and stable for future generations,” he said.


More on the South African economy

South Africa’s economy is heading to zero

What your salary is really worth: Rand vs US Dollar

Rand strengthens quickly after Zuma backtracks on finance minister decision

Working remotely could boost SA economy by R17bn

Share your thoughts

Join the conversation

Connect with Us



Do you like Microsoft's new Surface Studio PC?

View Results

Loading ... Loading ...

More News

New MacBook Pro unveiled – absolutely incredible


Apple has officially unveiled its new line of MacBook Pro computers.

Apple unveils new TV app


Apple has unveiled a new app for iOS and the Apple TV – called TV.

Twitter killing Vine apps


Twitter’s Vine team has announced it will discontinue the service’s mobile apps “in the coming months”.

Facebook launches Snapchat filters – “Masks”


Facebook has launched augmented reality masks for its live video service, just in time for Halloween.

Free MyBroadband Newsletter