Cabinet to tackle economic downgrade concerns | Infrastructure news

To deal with the challenges of the latest downgrading by rating agencies, the South African government says it will focus on implementing the National Developmental Plan.

Briefing journalists at the Imbizo Centre in Parliament, Communications Minister Faith Muthambi, who led the briefing following the Cabinet meeting of 25 June, said government was alive to the growth challenges that the country faces.

“Government has prioritized the accelerated implementation of the National Development Plan, with reforms that are aimed at unlocking South Africa’s growth potential.

“Government is committed to improving the regulatory environment, reducing skills shortages and accelerating its infrastructure investment programme as part of removing obstacles that are constraining growth.”

“Cabinet is also calling on members of society to partner with government in implementing the state’s Programme of Action.”

“In the spirit of ‘Together We Move South Africa Forward’, Cabinet calls on all sectors of society to partner with government in implementing the new Programme of Action, which builds on the achievements made over the past 20 Years of Freedom.

“The programmes, which are guided by the National Development Plan, will be unpacked in the coming weeks by the various Ministerial clusters.”

Source – SAnews.gov.za

Additional Reading?

Request Free Copy