South Africa’s President calls for unified efforts to boost the economy

South Africa’s President calls for unified efforts to boost the economy

South Africa's President Cyril Ramaphosa called for unified efforts across all levels of government to boost the economy. In his address to Mpumalanga's provincial executive, he emphasised the importance of cooperation, collaboration, and effective planning to drive inclusive economic growth. Ramaphosa says aligning strategies and collaborating will promote inclusive growth, create jobs, and ensure economic benefits reach all South Africans:

December 11, 2024 14

South Africa

Deputy President Says Government Is Collaborating with Development Bank to Aid Indebted Municipalities

S.A's Deputy president Paul Mashatile says the government is working with the Development Bank of Southern Africa to secure resources to assist municipalities that are in debt. Municipalities owe creditors 116.5-billion-rand, with 75.3-percent of this debt more than 90 days overdue. In turn municipalities in 2023/2024 were owed 339.9-billion-rand. Answering questions in the National Assembly yesterday, Mashatile said it is concerning that many municipalities are in financial stress:

November 1, 2024 29