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SA has boundless economic potential – Ramaphosa
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Letter from the President
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President Cyril Ramaphosa addressing the nation on developments in relation to the country’s response to the coronavirus pandemic. [Photo: GCIS]
Last week SA clinched the top spot in the world as an attractive destination for global business services, beating competitors India and the Philippines, says President Cyril Ramaphosa.
South Africa s global business services sector stepped up during the pandemic, operating remotely to ensure call centres continued to provide essential services.
Ramaphosa says the sector particularly is incentivised to hire marginalised youth - it has added 40 000 jobs to the economy since 2018, with young people accounting for the majority (82%).
The digital economy presents opportunities to create jobs, now even more so as the Covid-19 pandemic has accelerated changes, President Cyril Ramaphosa has said.
12 April 2021, 8:18 AM | SABC | @SABCNews
President Ramaphosa says South Africa has several advantages that make it an attractive destination for business services.
Dear Fellow South Africans
I have often said that our economic recovery plan is not about a return to what was, but about transformation to what is next.
We have to both recover the ground that we have lost due to the coronavirus pandemic and to gain new ground by placing our economy on a fundamentally different growth trajectory.
In short, we have to use this moment to forge a new economy in a new global reality.
One of the concrete ways that we can do this is by harnessing the job-creating potential of the digital economy, whose growth has only been accelerated by the coronavirus pandemic.
The top-ranked business sector that’s going to help rebuild the economy: Ramaphosa
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President Cyril Ramaphosa says that South Africa’s economic recovery plan will not see a return to previous systems, but will rather focus on new digital skills.
Writing in his weekly open letter to the public, the president said that this change in focus will put the economy on a fundamentally different growth trajectory.
“One of the concrete ways that we can do this is by harnessing the job-creating potential of the digital economy, whose growth has only been accelerated by the coronavirus pandemic,” he said.
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