Ramaphosa - ANC failed to fix inequality, it's come back to haunt us

Ramaphosa - ANC failed to fix inequality, it's come back to haunt us

- President Cyril Ramaphosa says that the ANC-led government has failed to deal with structural inequalities in the country

- Speaking at the 25 Years of Democracy Conference in Joburg, the President spoke on the issues facing the ruling party when they came into power

- These issues, according to Ramaphosa, had defocused the party from addressing structural faults in South Africa

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President Cyril Ramaphosa says that the ANC had inherited a virtually collapsed economy, substantial fiscal deficit, stagnant growth and a massive apartheid debt when they assumed control of South Africa in 1994.

This diverted the ruling party's attention away from addressing what the president described as structural faults in the economy, which has now come back to haunt the nation:

“Much as we succeeded in turning public finances around and putting the country on an improved growth path, we, however, did not pay attention to addressing the structure of our economy to ensure that all people of our country attain economic emancipation after attaining democratic emancipation."

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Ramaphosa explained that, while significant economic progress was made under ex-president Thabo Mbeki, unemployment and poverty had been on the rise over the last ten years, with millions remaining excluded.

A growth in the number of black citizens in the middle class and an improvement in educational access (all signs of progress) had been undermined by stagnant growth, dwindling investment, maladministration and corruption, Ramaphosa went on to say.

The president said that his administration would have to be realistic in its goals for the next few years and work hard on a set of priorities:

“In attempting to do too much and not co-ordinating our actions within and between departments, we have been found wanting. This administration has identified key tasks within a defined set of focus areas that are realistic and achievable within the next five years. Growing an inclusive economy is by far our greatest area of focus."

Ramaphosa had made these comments during his address at the 25 Years of Democracy Conference, which is aimed at providing reflective analysis on lessons for governance, socio-economic transformation and nation-building, reports IOL.

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Source: Briefly.co.za

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