Former President Thabo Mbeki has criticised President Cyril Ramaphosa for not fulfilling a promise to present a social compact to South Africans within 100 days.
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The government aims to create 2 million jobs before the 2024 general elections, Employment and Labour Minister Thulas Nxesi has said.
President Cyril Ramaphosa says the government is finalising a “comprehensive set of actions” aimed at ending load shedding in South Africa.
The National Treasury has amended Regulation 28 to allow South Africa’s pension funds to invest up to 45% of their capital in infrastructure projects.
South Africa has netted a $480 million (approximately R7.6 billion) loan from the World Bank for its COVID-19 Emergency Response Project.
The government is giving “special attention” to the predicted massive increase in fuel prices in South Africa in June, Minister in the Presidency Mondli Gungubele has said.
The Democratic Alliance (DA) has called on the Cabinet to declare a state of disaster on Eskom and South Africa’s electricity sector.
Finance Minister Enoch Godongwana has blamed state capture and lack of political will for the slow pace of transformation in South Africa since 2009.
President Cyril Ramaphosa has used his weekly letter to the nation on Monday to outline the government’s plan to end load shedding in South Africa.
Eskom CEO André de Ruyter has dismissed speculation that a total power blackout could engulf South Africa, saying this is an “unrealistic” prospect.