Business
Ramaphosa Calls on Business Leaders to Boost South Africa’s Economy

President Cyril Ramaphosa has reaffirmed the Government-Business Partnership’s commitment to reigniting South Africa’s economy. Addressing ministers and industry leaders, he outlined a roadmap for 2025, focusing on critical areas such as energy, transport and logistics, youth employment, and combating crime and corruption.
Building on the partnership’s earlier successes, including reducing load shedding, Ramaphosa emphasized the importance of recent policy reforms like the Electricity Regulation Amendment Act (ERA) and the Transnet Network Statement. These interventions, he noted, are crucial for lifting South Africa’s economic growth rate to over 3%, a target vital for addressing the country’s high unemployment rate.
Achievements and Challenges
The partnership’s first phase demonstrated the power of collaboration, achieving tangible results in stabilizing South Africa’s electricity grid. However, Ramaphosa acknowledged that much work remains, particularly in attracting substantial investments to drive growth and inclusivity.
“Increasing investment is pivotal to fostering economic dynamism and creating opportunities for all South Africans,” Ramaphosa said.
Public-Private Collaboration as a Model for Success
As South Africa gears up to host the G20 Summit and B20, the Government-Business Partnership is poised to serve as a global example of effective public-private collaboration. By aligning resources and policy priorities, the partnership aims to tackle structural challenges while stimulating economic growth.
This model could inspire both emerging and developed markets, showcasing how cooperative governance can accelerate reforms and foster sustainable development.
Looking Ahead to 2025
Ramaphosa stressed the urgency of seizing the opportunities presented by 2025. With a clear governance framework in place, the partnership is uniquely positioned to reshape perceptions of “SA Inc.,” driving investment, economic growth, and job creation.
“To achieve a goal of 3% economic growth requires extraordinary effort—not just from this partnership but from all stakeholders and all South Africans,” Ramaphosa said.
He called for determination and purpose-driven action, emphasizing the need to accelerate implementation and maintain focus.
Ramaphosa concluded with an optimistic vision for the future:
“Together, we are moving ever closer to the promise of a thriving and inclusive economy that meets the needs of all our people. Let us seize this moment with urgency and determination.”
As 2025 approaches, South Africa’s path to economic revitalization lies in the strength of its partnerships and the collective effort of its citizens.
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