• All Share : 51725.2
    UP 0.59%
    Top40 - (Tradeable) : 45180.11
    UP 0.70%
    Financial 15 : 14325.02
    UP 0.08%
    Industrial 25 : 68265.11
    UP 0.73%
    Resource 10 : 32369.34
    UP 1.10%

  • ZAR/USD : 14.0486
    UP 0.69%
    ZAR/GBP : 17.1343
    UP 0.48%
    ZAR/EUR : 15.2739
    UP 0.22%
    ZAR/JPY : 0.1347
    UP 0.75%
    ZAR/AUD : 10.7411
    UP 0.97%

  • Gold US$/oz : 1263.3
    DOWN -0.15%
    Platinum US$/oz : 928
    DOWN -0.54%
    Silver US$/oz : 17.45
    DOWN -0.23%
    Palladium US$/oz : 623
    DOWN -1.11%
    Brent Crude : 51.52
    UP 0.25%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Fri Oct 21 11:07:33 SAST 2016

We have made the economy an apex priority - Zuma

Mpho Raborife | 14 February, 2016 09:26
In his state of the nation address, President Jacob Zuma announced cost-cutting measures.
Image by: Trevor Samson

South Africa's economy is government's main priority due to the current global economic climate, President Jacob Zuma said on Saturday.

"The global economic climate is far from favourable. South Africa has made the economy an apex priority in this current period," Zuma told guests at the Ubuntu Awards gala dinner in Cape Town.

He said government had been meeting with the country's business community to work on placing measures in place which would ignite growth and help the country create more jobs.

"We will be meeting with labour and other sectors as well, as we respond to the persistent low growth, low commodity prices and other challenges facing developing economies."

He said the aim was to build a resilient economy which would enable government to address challenges of unemployment, poverty and inequality. South Africa also wanted to see the growth of economic development on the rest of the continent.

"In this regard, we encourage our business community to invest in the African continent to assist in creating jobs and improving the standard of living.

"We participate in all activities aimed at making Africa trade with itself more," Zuma said.

He said regional integration efforts and the creation of continental free trade area were a step in the right direction, which would contribute "immensely" to Africa's development.

"Indeed, we want an Africa that is peaceful, prosperous and stable for future generations," he said.

Source: News24


If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.