President Cyril Ramaphosa Encourages the Production & Purchase of Local Goods to Boost South Africa's Economy

President Cyril Ramaphosa Encourages the Production & Purchase of Local Goods to Boost South Africa's Economy

  • South African President Cyril Ramaphosa has urged citizens to play their part in reviving the country’s suffering economy
  • The economic damage caused by the Covid19 pandemic has placed even greater demands on the economy to provide employment and livelihood opportunities
  • During his 10th annual Buy Local Summit and Exco address, he said that producing and buying local will boost the economy, national pride, and the growth of businesses

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South African President Cyril Ramaphosa has called for citizens to support, produce and buy local to boost the country’s economy.

This was his core message during his address at the 10th annual Buy Local Summit and Exco on Tuesday in Sandton, Johannesburg. The summit aims to inform, educate and equip entrepreneurs in creating jobs and rebuilding the economy by producing locally.

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President, Cyril Ramaphosa, Local Goods, South Africa's Economy
President of South Africa Cyril Ramaphosa has urged Mzansi to help revive the economy. Image: Thierry Monasse/Getty Images
Source: Getty Images

He said that opting for locally produced items will contribute towards the recovery of Mzansi’s dwindling economy.

According to SABC News, Ramaphosa said the pandemic has exposed South Africa’s capabilities in production and distribution.

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“The economic damage caused by the Covid19 pandemic has placed even greater demands on our economy to provide employment and livelihood opportunities. The pandemic has both exposed the fragility of global supply chains and revealed the great capacity we have here in South Africa for innovation and adaptation in manufacturing.
In a space of just two years, through collaboration and out of necessity, we managed to build local production capability in ventilators, hand sanitisers, medical-grade face masks, and gloves as well as vaccines and therapeutic drugs and anaesthetics,” he said.

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The BusinessTech previously reported that Ramaphosa, during the Proudly South African Summit and Expo 2021, said the government had plans to clamp down on the illegal importation of goods in South Africa and introduce additional incentives to support local buying in South Africa.

The president added that local production encourages national pride, supports the growth of businesses, creates employment, and sustains livelihoods.

President Cyril Ramaphosa gets Pfizer vaccine booster shot

In a separate story, Briefly News previously reported that more than a year since getting the Johnson & Johnson Covid-19 vaccine jab at the Khayelitsha District Hospital in Cape Town, President Cyril Ramaphosa arrived to receive his Pfizer booster shot on Saturday.

TimesLIVE reported that Ramaphosa received his additional dose after engaging the community of Ngaka Modiri Molema at the inaugural Presidential Imbizo hosted at Mahikeng's Mmabatho Stadium in the North West province.

Here, Ramaphosa urged South Africans to vaccinate as the fight against Covid-19 continues. He added that people who have been vaccinated should take it a step further and get the booster vaccine.

Source: Briefly News

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