Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com).

South Africa will embark on a major public works and job-creation drive in response to the coronavirus crisis, President Cyril Ramaphosa said on Thursday, unveiling a plan to return Africa’s most industrialized economy to growth.

Under pressure after data showed the largest-ever gross domestic product (GDP) contraction in the second quarter, Ramaphosa said his plan could unlock more than one trillion rand ($60bn) in investment over the next four years and create more than 800,000 jobs.

Read rest of story here.

Tags: 
South Africa
Job-Creation
Coronavirus Crisis
President Cyril Ramaphosa
Select Category: 
Global Politics
Africa
Display article as featured front page: 
Display article as top story: 
Display article as interest piece: 
Interest Piece Title: 
South Africa’s President unveils $60bn plan to boost Economy
Image for Interest Piece: 

Source of original article: Black Star News (www.blackstarnews.com).
The content of this article does not necessarily reflect the views or opinion of Global Diaspora News (www.GlobalDiasporaNews.com).

To submit your press release: (https://www.GlobalDiasporaNews.com/pr).

To advertise on Global Diaspora News: (www.GlobalDiasporaNews.com/ads).

Sign up to Global Diaspora News newsletter (https://www.GlobalDiasporaNews.com/newsletter/) to start receiving updates and opportunities directly in your email inbox for free.