The government of national unity (GNU) will continue with economic initiatives already under way to reduce poverty, inequality and create jobs, as well as introduce many new plans, such as a holding company for state-owned-enterprises, the formation of a sovereign wealth fund, and a review of the petrol price mechanism to make it more affordable.
This was according to President Cyril Ramaphosa, who in his opening of Parliament address at the Cape Town city hall last night, outlined an array of economic and fiscal policy plans and targets for the next five years to be implemented by the GNU. Most of his speech was dedicated to initiatives, plans and targets to turn around South Africa’s ailing economy.
“Circumstances require that we act together as a government and all key role…
