South Africa's Ramaphosa Unveils New Reforms to Stoke Growth
South African President Cyril Ramaphosa unveiled the second phase of a reform program aimed at firing up an economy that's grown by an average of less than 1% annually over the past decade, with measures planned to fix dysfunctional municipalities and drive the adoption of digital technologies.
Implementation of the program will be overseen by Operation Vulindlela, a unit that was established in 2020 and answers to the Presidency and the National Treasury. Its other new priorities, which were agreed by the cabinet in March, will include providing lower-income earners with accommodation that will give them better access to economic opportunities.
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