ANC promises: increase jobs by a million, investments by the trillion
Lavish promises for sluggish economy and unemployment
The ANC yesterday unveiled a plan to create 275,000 jobs every year, a promise it will take to voters as it seeks a mandate to govern for another five years.
President Cyril Ramaphosa also promised to raise R1.2-trillion in new investments over the next four years.
These promises were contained in the party's manifesto, launched at the Moses Mabhida Stadium in Durban yesterday.
During the week, party leaders revealed that their manifesto would respond to complaints about rising unemployment. Ramaphosa promised that the party would create 1.3-million jobs in the next five years.
The manifesto says the ANC will achieve this by "boosting local demand for goods, investing more in mining, manufacturing and agriculture, and expanding export markets".
In 2014, the ANC promised to create 1-million opportunities over five years, but employment data has shown an increase in unemployment, which sits at 27%.
"We will ensure that we not only create new jobs, but work hard to protect existing jobs," the manifesto reads.
The manifesto also notes that the party will set bold but achievable targets for youth internships.
While this is not explained in detail, the ANC says it will prescribe a minimum percentage of internships for young people in the public sector.
The Spectator Index released this month showed that SA has the world's highest youth unemployment, at 52.8%.
In his address yesterday, Ramaphosa said: "Addressing youth unemployment remains a pressing priority."
WATCH | Everything you need to know from the ANC’s election manifesto..