• Subscribe
  • Advertise
  • About Us
  • Contact
Saturday, July 5, 2025
  • Login
  • Register
No Result
View All Result
Yo School Mag
  • Home
  • Community
  • News
    • Politics
    • Crime
    • Provincial
    • National
  • Entertainment
    • Events
  • Sports
    • Schools Sports
    • Club Sports
  • Local Business
  • About Us
DONATE
  • Home
  • Community
  • News
    • Politics
    • Crime
    • Provincial
    • National
  • Entertainment
    • Events
  • Sports
    • Schools Sports
    • Club Sports
  • Local Business
  • About Us
No Result
View All Result
Yo School Mag
No Result
View All Result
Home Uncategorized

Fixing the economy a pressing priority!

by mzukona
June 18, 2024
in Uncategorized
0 0
0
Fixing the economy a pressing priority!
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
President Cyril Ramaphosa says fixing the economy remains the most pressing challenge for the country.

The President said this when he responded to the debate on the State of the Nation Address (SONA).

“As I began the State of the Nation Address last week, I said that the speech would focus on the measures we are taking to enable faster economic growth and the creation of employment.

“This is because fixing the economy is our most pressing challenge at this moment, and is essential to progress in almost every other area of life.

“Our focus on the economy does not, however, diminish the importance of the many other areas of government’s work.

“Many of these issues have been raised in the debate and will be dealt with in greater detail in upcoming budget votes and public engagements by Ministers,” he said.

The President said as the country reflects on the state of the nation, and is looking to the year ahead, it is important for all to remember “where we have come from and what our country has endured”.

“We cannot escape the basic truth that we have an economy and a society that is still largely defined by its colonial and apartheid past.

“Despite the great progress that has been made in the last 28 years to address the legacy of dispossession and exploitation, the material divides between black and white, men and women, rural and urban, still persist.”

The President said the steady economic recovery, expanding employment and increasing investment that followed the advent of democracy was disrupted by the 2008 global financial crisis, falling commodity prices, severe energy constraints, inefficient network industries and the impact of State capture at so many vital public institutions.

“At the same time, our economy has become less and less competitive.

“We could not sustain investment in economic infrastructure.

“As public spending rapidly increased, the benefits of increased spending declined to a point where the cost of servicing our debt has been crowding out social spending.

“This was the situation that this administration was elected in 2019 to correct, and we took several decisive measures to turn the economy and the country around.”

The President said as South Africa was emerging from more than a decade of low growth and deepening unemployment, and from the era of State capture and the assault on institutions of the State that accompanied it, the country was hit by the worst global health crisis in more than a century.

“We cannot disregard the fact that the pandemic has caused our economy severe damage that will take years to repair.

“Unless we appreciate these facts, unless we characterise the current situation correctly, our response may well be ill-considered and misdirected,” he said.

mzukona

mzukona

Nyakaza Media Solutions, founded to empower schools, helps learners research, write, and publish newsletters, bulletins, and maintain websites. With a mission to promote dialogue on issues affecting young people, the organisation encourages learners to celebrate excellence, embrace growth, and strive for greatness. Nyakaza Media Solutions aims to foster better individuals and future South African leaders through positive and productive behaviour.

Newsletter

Subscribe to our newsletter and receive news updates, latest competitions and also exciting event announcements.

This initiative is offered by

Member of

Developed by

Category

About Us

Yo School Mag

Nyakaza Media Solutions - Yo School Magazine

Nyakaza Media Solutions, founded to empower schools, helps learners research, write, and publish newsletters, bulletins, and maintain websites. With a mission to promote dialogue on issues affecting young people, the organisation encourages learners to celebrate excellence, embrace growth, and strive for greatness. Nyakaza Media Solutions aims to foster better individuals and future South African leaders through positive and productive behaviour.

  • About
  • Advertise
  • Subscribe
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy (ZA)

© 2023 ePress - digitise your media outlet.

No Result
View All Result
  • Politics
  • Municpality
  • Local Business
  • Provincial
  • National
  • Entertainment
  • Events
  • Schools
  • Announcements
  • Sports
  • Community
  • Letter
  • Crime
  • People
  • Local Heros
  • Food

© 2023 ePress - digitise your media outlet.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent
We use technologies like cookies to store and/or access device information.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}