Magashule: SA won't sleep for next 5 years with plan for economy

Magashule: SA won't sleep for next 5 years with plan for economy

Job creation is one of the seven areas that the ANC intends to improve on during President Cyril Ramaphosa's term in office. ANC Secretary-General, Ace Magashule, says that the nation will not sleep for the next 5 years in order to revive the economy, which he claims has been hindered by policies to date.

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Ace Magashule recently commented on the ANC's resolutions stemming from their National Executive Committee meeting, highlighting the importance of kick-starting a flagging economy.

The secretary-general revealed that the ruling party intends to reduce unemployment from the current 27.6% to 14% in the next 5 years:

“We will get the government to declare a three-shift economy to increase the prospects of employment, especially among the young people. Working together with labour and business, a three-shift system will result into an economy that does not sleep.”

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Magashule commented that the lekgotla had agreed that unemployment was a matter of national emergency, Briefly.co.za reported earlier.

Other areas included in the party's plan for economic transformation included education and skills, health, social transformation and the construction of new towns while pursuing the goal of building a developmental state.

This comes alongside the announcement that the GDP has been hit by the biggest decline in the past decade, reports The Citizen.

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Source: Briefly.co.za

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