Ramaphosa Says Action Needed to Steer South Africans towards Hope

PRETORIA – Deputy President Cyril Ramaphosa says decisive action is needed to steer the country from despair to hope, from a narrative of lack to a story of opportunity, from a chronicle of deprivation to a testament of prosperity.

“We need greater collaboration among our social partners, capable leadership and a common vision.

“We need a commitment from all social partners and a shared interest in growing an inclusive economy, creating decent jobs and improving the living conditions of our people,” he said on Friday.

The Deputy President was addressing the 6th National Congress of the Federation of Unions of South Africa (FEDUSA) – South Africa’s second largest national trade union centre -themed “Decent Work for Decent Life for All,” in Boksburg, Ekurhuleni.

He said there is a need to resolve that the needs of people are so great, the extent of their deprivation so severe and their desire for meaningful progress so relentless, that there is a need to work with urgency to forge a social compact for profound economic change.

According to Deputy President Ramaphosa, currently, 5.7 million citizens want to work, but are unable to.

He said a further 2.4 million of citizens were discouraged from seeking employment.

Almost 45% of unemployed South Africans have been looking for work for more than three years, he said, adding that some households are struggling to make ends meet.

“Families are struggling to adequately nourish, clothe and educate their children. Many businesses are experiencing difficulties. Confidence is low.

“Worries about a potential ratings downgrade are weighing heavily on the minds of citizens and investors alike.

“As a country, we need to have a commitment from all social partners and a shared interest in growing an inclusive economy, creating decent jobs and improving the living conditions of our people,” he said.

The social partners have undertaken joint roadshows to meet investors to answer their concerns and to present the country’s shared approach to the economic challenges that confront South Africa.

He said: “As part of these efforts, business has led the establishment of an investment fund to provide small businesses with access to finance.” – SAnews.gov.za