- SA President Cyril Ramaphosa has promised to replace every job that was lost during the coronavirus pandemic
- His promise comes after StatsSA revealed the unemployment rate rose to a staggering 42% after the pandemic
- The country has also experienced a sharp decrease in economic activity since the beginning of the pandemic
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Earlier this month, President Cyril Ramaphosa met with the National Economic Development and Labour Council to finalise discussions on plans that will be implemented to help South Africa recover from jobs lost as a result of the Covid-19 pandemic.
It also includes plans to help the economy recover after it had also experienced a serious blow after the pandemic. According to Ramaphosa, structural reforms, investment in infrastructure and other measures will be taken to gradually but imminently regrow the economy.
Earlier this week StatsSA revealed that the unemployment rate, when counting those who are actively searching for jobs stands at 23.3% compared to the unemployment rate before the pandemic, which was 30.1%
StatsSA did however further explain that when one counts the total number of unemployed, not taking into account active job seekers, the rate stands at a whopping 42% - an extremely alarming figure.
Ramaphosa has spoken out about the figure, accrediting the economic and employment catastrophe to the coronavirus pandemic. He has also promised South Africans that every job that was lost will be replaced.
“Our success in responding to this unprecedented crisis will be measured by the speed of our labour market recovery. In addition to the relief measures we have already implemented, we must ensure that every job lost during the crisis is replaced and that more jobs are created so that we can meaningfully reduce unemployment."
Meanwhile Briefly.co.za also reported, President Cyril Ramaphosa has come forward to address a pressing issue that has had the whole of South Africa in a fuss for some time - the country’s electricity crisis.
Ramaphosa has made a promise to tackle this issue head-on. Ramaphosa has made these promises in the form of a new act, which would contribute to the current power demands, among others. This act is a formal promise to fix the pressing electricity issue SA is facing.
Briefly.co.za learnt that the government has gazetted a new way forward for the Energy Regulation Act, under the Department of Energy. The act will allow Eskom to source more than 11,800 megawatts of power from Independent Power Producers (IPPs).
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