South Africa wants to improve Economy

South Africa is not in a good economic situation and needs to provide more job opportunities to its citizens if they want to improve their economy. Deputy President Cyril Ramaphosa said "efforts to improve the countries economic situation are continuing to receive urgent attention from the government and its institutions."

Deputy President Cyril Ramaphosa briefing legislators on issues facing the country

South America faces a number of issues although its biggest issue is improving the economy. For example, one issue that Ramaphosa briefed legislators on was attracting direct foreign investment in order to help bring money in to the economy. Ramaphosa stated that he believes that South Africas weak economy can still come back. The projected growth for South Africas economy for 2016 is just 0.5 %.

I think that the creation of jobs and wealth by the South African government could be very profitable for the countries economy, although economists say that at this rate, the chances that the government and other institutions can create much needed jobs are zero. Ramaphosa also addressed that South Africa is not operating its State-Owned businesses to their fullest potential. In order to get South Africa back on track, Ramaphosa urged that the government needs to make progress in the governments State-Owned enterprises.



http://www.sabc.co.za/news/a/2ed724804ee8689f9f0fbf750db21813/Efforts-to-improve-SA-economy-underway:-Ramaphosa-20160911