Ramaphosa unveils economic recovery plan to tackle poverty

ANC president Cyril Ramaphosa has described the ongoing impact of poverty, unemployment and the high cost of living on South Africans as "unacceptable", as he unveiled a 10-point plan aimed at stimulating economic growth and job creation.

- SIMON MAJADIBODU

Ramaphosa presented the plan during the ANC's special National Executive Committee (NEC) meeting held at the Birchwood Hotel in Ekurhuleni, where discussions focused on key interventions to accelerate inclusive growth and employment.

"The discussion was informed by the three strategic priorities of the seventh administration: firstly, to drive inclusive growth and job creation; secondly, to reduce poverty and tackle the high cost of living; and thirdly, to build a capable, ethical and developmental state."

Ramaphosa said the ANC had identified specific interventions to advance the vision of the National Development Plan and the economic programme of the government and the Medium Term Development Plan.

"In undertaking this work, we are not seeking to start from scratch."