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South Africa successfully hosts key G20 Working Groups and Task Force Meetings

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… Public Sector Integrity; Increasing Asset Recovery Efficiency; Inclusive Participation; and … Financing for Disaster Risk Reduction Disaster Recovery, Rehabilitation and Reconstruction; and … end of March 2025:  First Task Force Meeting: Inclusive Economic Growth, Industrialisation, Employment, and Reduce …

Cabinet welcomes GDP growth in fourth quarter of 2024

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… product (GDP) in the fourth quarter of 2024 signals a recovery across the economy, says Minister in The Presidency, … confident that the increased focus and pace of delivery on economic structural reforms, improved service delivery and … positive GDP growth. This was primarily due to increased economic activities reported for field crops and animal …

Economic growth projected to reach 1.8% over the next three years

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… in infrastructure,” the department explained. Real economic growth is forecast to reach 1.9% while the … the opportunity to move to a significantly faster economic growth path through sustained progress in raising … the back of rising purchasing power, moderate employment recovery and wealth gains. Continued investments in renewable …

Government welcomes GDP growth

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… “The latest GDP data is encouraging and signals a welcome recovery, especially because one of government’s immediate priorities is to ensure positive economic growth that will encourage business development and … of small businesses, develop infrastructure for faster economic growth, and encourage investment from inside and …

Minister Creecy outlines plans to reinvigorate logistics sector

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… the country’s logistics sector as an enabler of economic prosperity. This is according to Transport Minister … commodities that are essential to the export market and economic growth; addressing backlogs and congestion at … African ports, the Minister said Transnet has launched a recovery plan aimed at “increasing and stabilising port and …

Global challenges require G2O countries to work together

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… international order is an essential requirement for economic stability and for sustained growth. “At this time of … Development Goal on reducing inequality is as much of an economic imperative as a social imperative. As the G20 we … affecting countries that can least afford the costs of recovery and rebuilding. “When repeated disasters lead to …

Government remains committed to preserving local industries

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… that protect industrial capacity while securing long-term economic stability.” “The government remains steadfast in its … the steel industry is critical in the reconstruction and recovery plan for the South African economy, particularly the …

Call for global solidarity at G20 Foreign Ministers’ Meeting

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… including geopolitical tensions, climate change, economic inequality and food insecurity, warning that the … coverage, and to promote decent work and sustainable economic growth. “Our commitment to achieve these targets we … and the private sector to scale up post-disaster recovery efforts, particularly in vulnerable nations. With …

South Africa’s infrastructure drive gathering pace

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… development as a strategic priority to drive economic growth and job creation in South Africa.  In his … and consistent infrastructure maintenance to stimulate economic recovery and improve service delivery. “ To achieve the …

Infrastructure fund drives major advancement in infrastructure landscape

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… Limpopo. Zikalala said his department has also developed recovery plans for all provinces. “We managed to unlock … the Western Cape are opened for all communities to exploit economic opportunities, including big and small fishing …

Government puts shoulder to the wheel to build a thriving economy

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… cycle of investment, growth and jobs, we must lift economic growth to above three percent,” the President said, … and developmental state. “To achieve higher levels of economic growth, we are undertaking massive investment in new … implementation of structural reforms and support economic recovery. The initiative aims to modernise and transform …

President to deliver first SONA of the seventh administration 

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… member.  The G20 was established to tackle pressing global economic and financial issues. Together, G20 members account … its first primary budget surplus in 15 years. A recent economic and financial assessment by the International … supported by rising purchasing power, employment recovery and wealth gains. The current focus of South …

SONA 2025: Working together to accelerate development

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… the sentiment that reverberated in Davos during the World Economic Forum (WEF) as our nation shared with global leaders … on the vital need for global collaboration to tackle economic recovery and startling disparities between rich and poor …

Surge in international arrivals a major boost for SA tourism

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… 2024, while growth from other regions signals steady recovery. Although the sector has yet to fully recover to … underscores the resilience of the sector, despite global economic pressures. "It is encouraging to see that despite economic uncertainties in various parts of the world, the …

SA’s economy on recovery trajectory

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… South Africa’s economic growth prospects are poised to recover in 2025 following a lacklustre economic performance for the past two years. According to an … supported by rising purchasing power, employment recovery and wealth gains. “South Africa is committed to …

Government condemns torching of PUTCO buses 

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… and Deputy Minister have thus characterised the act as economic sabotage given the critical role that the bus … system. “The Minister and Deputy Minister wish a speedy recovery to the two employees who were injured in the course …

Africa showcases tourism offering

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… 2025 also capitalises on the tourism sector’s remarkable recovery momentum and its potential to propel economic growth across the continent. The media launch will …

Minister Meth stresses collaboration with Labour Federations for fair policies, effective enforcement

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… ensuring effective enforcement. Speaking at the National Economic Development and Labour Council (NEDLAC) Annual … in advocating for worker’ rights and ensuring that the economic gains of our country are shared amongst all its … Development Plan (NDP), the Economic Reconstruction and Recovery Plan (ERRP), and the Medium-Term Development Plan …

South Africa is undergoing 'fundamental transformation' - President Ramaphosa

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… transformation” - as it seeks to accelerate inclusive economic growth. President Ramaphosa was speaking at the South Africa Night World Economic Forum (WEF), held at the Garden Hall in Davos … “These reforms have underpinned the country’s economic recovery in the wake of more than a decade of stagnant …

South Africa takes its message of partnership and progress to Davos

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… will this week attend the annual meeting of the World Economic Forum in Davos where they will be outlining South … as a result of efforts to support Transnet’s operational recovery. “An important area of structured cooperation is the … may differ, we are aligned on the need to drive inclusive economic growth and job creation,” the President said.  …