President Cyril Ramaphosa’s past State of the Nation (SONA) addresses have created a positive and future-focused mood, but unfortunately the promises have often not translated into reality.
Having listened to good-sounding promises that have not materialised, we hope that his SONA will deliver clear and decisive approaches to the issues plaguing our economy, chief amongst which are the unreliable power supply and poor state of SOEs.
We call on Ramaphosa to focus on a stronger collaboration between the government, business and labour in order to achieve higher inclusive economic growth for our country and create the thousands of jobs he promised the unemployed, especially the youth.
- ·Government needs to ensure certainty and clarity of policy, and a regulatory environment that enables companies to make a profit, create new jobs and hire new people.
- ·We need realistic action concerning our failed SOEs, preferably without using the savings of hard-working South Africans and pensioners.
- ·It further needs to ensure that effective economic growth strategies that encourage investment are implemented as a matter of urgency. These strategies must address the challenge of poverty, unemployment and inequality in the country, and decisive steps must be taken to put them into practice now.
South Africa is currently facing a series of challenges on both economic and social stages.
The economy has been in a slump for too long with only one ratings agency shedding a glimmer of hope. We need immediate turn around strategies to be implemented, grow the economy and reduce the unemployment figures.
In 2019, Ramaphosa promised to create 2 million jobs for the youth over a period of ten years but so far, no progress has been made, instead the unemployment statistics have only increased hence, it is time to call on the president to deliver on the promise that he made to the nation.
The recently published figures by Statistics SA on Quarterly Labour Force Survey (QLFS) indicate that the number of unemployed people decreased by 8 000 to 6,7 million in Q4: 2019 compared to Q3: 2019, and the number of employed people increased by 45 000 to 16,4 million.
But, the sad reality is that the unemployment rate still remains at 29.1%.
Although, the president showed effort by hosting the Jobs Summit in 2018 and the South Africa Investment Conference in 2019 where he hoped to attract investors and raise billions that would be implemented towards economic growth, there is more that still need to be done in terms of tackling the issue of unemployment:
- Equipping the youth with skills aligned with 4IR is the primary sustainable solution needed to stir the economy in the right direction.
- By reducing the state’s administration costs, the government will manage to fund SMEs and new businesses that will sustain an increase in the rate of job creation.
- The government must grow and train young people by enrolling them in courses that focus more on scarce skills that are required by most dynamic industries.
In addition to strategic and practical solutions to tackle crime against children, women and students, Ramaphosa must also focus his attention on gender-based violence which has seen an unwelcome rise in South Africa with very little being done to address the matter on a larger scale.
We are also still waiting for the list of registered sex offenders to be made public as was promised by the President in September last year.
For further enquiries or to set up a personal interview, contact Stanford Mazhindu at 074 978 3415