Responding, Ramaphosa said a process was underway to finalise a social compact.
“Since the Sona in February, government has been meeting with social partners on the further measures we need to take in addition to the economic reconstruction and recovery plan to grow and transform our economy.”
Ramaphosa conceded it had taken longer than anticipated.
“The process has been slow and at times quiet difficult. We all agree our overriding objectives are to grow the economy, create jobs and reduce poverty and inequality.”
He reminded delegates the unemployment problem “did not start yesterday”.
“It did not start two years ago. We have lived with this problem over a number of years and we have been involved, among the social partners, in finding or creating steps we need to take to address all these challenges through a social compact.
“There are differences over what compromises need to be made and who needs to make the compromises. So while we do not have an overarching social compact, we are making progress.”
Ramaphosa said it must be recognised that social partners continue to engage on critical economic issues.