President Cyril Ramaphosa’s 2022 State of the Nation Address outlined measures to address the key challenges to the economy that the Minerals Council South Africa has identified as obstacles to investment, inclusive growth, and job creation. The Minerals Council welcomed the frank assessment of .
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Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4 000-plus mining and prospecting rights backlog could be eliminated, and R60-billion worth of renewable energy projects could release 3 900 MW into the energy space if inhibiting bureaucracy were removed, Minerals Council South Africa has revealed in response to President Cyril Ramaphosa’s State of the Nation address (SoNA).
President Cyril Ramaphosa’s State of the Nation Address 2022 outlined measures to address the key challenges to the economy that the Minerals Council South Africa has identified as obstacles to investment, inclusive growth, and job creation, but, critically, we need urgent, tangible action from the state to enact these strategies. The Minerals Council welcomed the frank assessment of the state of South Africa’s economy by President Ramaphosa during his sixth State of the Nation Address, and the wide-ranging measures he unveiled to bring private participation into the generation of electricity, onto the railways, and into the ports to make the provision of these services more productive and able to deliver sustainably reliably.