Ramaphosa says SA's economic reform agenda will create conditions for higher growth
Ramaphosa said the progress report on Operation Vulindlela, which is government's initiative to accelerate economic reform, shows steady progress.
Ramaphosa was writing in his latest newsletter, where he gave an update on government's efforts to turn the economy around.
In the first quarter of the year, South Africa's economy expanded by a marginal 0,1% compared with the fourth quarter of 2024.
But Ramaphosa said they'd made some headway in clearing obstacles that have held back the country's growth agenda.
He said these include the reduction in load shedding over the past year, which was supported by reforms to unlock private investment in electricity.
Ramaphosa said they're moving at pace 'towards a competitive electricity market, which will introduce greater competition in electricity generation and reduce the chances of experiencing load shedding again'.
He said government had also reduced the turnaround times for approval processes for water use licences and energy projects.
Ramaphosa said the measures were 'common sense reforms' that would preserve public ownership of key infrastructure while introducing greater competition and investment.
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