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KZN creates jobs for youth, despite COVID-19 constraints

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… Despite the economic decline induced by COVID-19, the KwaZulu-Natal youth … provincial government has turned COVID-19 devastation into economic opportunity, and has supported local industries …   As the whole country works towards economic recovery, Zikalala said the Provincial Economic

Cabinet welcomes SONA 2021

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… offered a progress report on the implementation of the Economic Reconstruction and Recovery Plan (ERRP) and roadmap to the impactful … Khumbudzo Ntshavheni, said while acknowledging the socio-economic challenges confronting the country, Cabinet remains …

Buy local, urges President Ramaphosa

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… webinar, the President said one of the key elements of the Economic Reconstruction and Recovery Plan is localisation and that government expects … Viability Scheme that will help to position SMMEs to drive economic recovery. “I am impressed with the targeted …

Some schools to start piloting coding, robotics curriculum

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… to help our learners. One of the key focus areas of the Economic Reconstruction and Recovery Plan is boosting education and skills development,” … will also be challenging, but we now have a clear path to recovery. And with our focus on developing the skills that …

R9 billion cash injection for COVID-19 vaccine programme

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… role in saving lives and livelihoods, and supporting economic recovery. “Ensuring access to COVID-19 vaccines is …

Treasury projects the economy to grow by 3.3%

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… said the outlook remains highly uncertain and the economic effects of the pandemic are far-reaching. By the … 2023. Given South Africa’s structural constraints, its recovery will be slower than many of its developing-country … and businesses, the National Treasury said government’s recovery plan focuses on raising the economy’s long-term …

Treasury projects a R212.2 billion revenue shortfall

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… than projections in the 2020 Budget. “However, due to a recovery in consumption and wages in recent months, and … 19.2 percent of tax revenue. Funds that could be spent on economic and social priorities are being redirected to pay … government spending on most functions, including health, economic services, and peace and security.” – SAnews.gov.za …

Relief for households as Treasury revises tax brackets

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… unemployed due to the impact of the COVID-19 pandemic. Economic activity was halted when government implemented a … from R7 000 to R15 000 from 1 March 2021. “To support the economic recovery, government will not raise any additional tax …

High uptake for COVID-19 excise, provisional tax deferrals

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… at providing relief after the COVID-19 pandemic slowed economic activity. This is according to the National … strict lockdown to contain the pandemic, severely limiting economic activity. “Government provided relief for households … of unemployment flowing from the pandemic. “A gradual recovery in revenue is expected over the medium term. …

Condolences for Prof Ndulu

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… who served as a member of South Africa’s Presidential Economic Advisory Council, passed away in a hospital in the … his condolences equally to the members of the Presidential Economic Advisory Council.    During his multifaceted career, … for African development and for the reconstruction and recovery of South Africa’s own economy.    “He made an …

Budget 2021: A mammoth task

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… of the COVID-19 vaccines come from? With COVID-19 bringing economic activity to a halt in March and April last year, … Ramaphosa’s announcement of a R500 billion social and economic relief package. According to Mike Teuchert, the … budget. “Minister Mboweni needs to spend on the COVID-19 recovery and a vaccination rollout. This is a clear priority. …

Gauteng invests in infrastructure development to create jobs

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… Gauteng city region is taking the lead in implementing the Economic Reconstruction and Recovery Plan announced by President Ramaphosa. The Premier … and industrial cannabis. Tshwane Automotive Special Economic Zone (TASEZ) He said it was the province’s goal to …

Eastern Cape appoints Coega to fast-track infrastructure delivery

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… to package projects in order to access funding for socio-economic development. The intervention was on Tuesday … of the Province Address. Two of the established Special Economic Zones (SEZ), the East London SEZ and Coega SEZ, … this, the province is implementing a three-year curriculum recovery strategy which has been developed to mitigate …

Premier sets sights on rebuilding E Cape economy

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… cases, it is time to focus on the reconstruction and recovery of our economy,” he said. “It is also time to … he said, was doing this against the backdrop of low economic growth, rising unemployment, ongoing budget cuts, …

W Cape SOPA focuses on COVID-19 response

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… our last remaining field hospital on the R300,” he said. Economic recovery Turning attention to the province’s economy, Winde … In its response, the province has launched a Community Economic Recovery project that has among other things issued …

Women Ministry hails SONA as roadmap for SA's recovery

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… the Nation Address (SONA) as a roadmap for South Africa’s recovery during one of the country’s darkest periods. “In an … existing inequalities, and has widened gaps in access to economic opportunities, healthcare and education for women, … Ramaphosa expressed commitment to prioritising the economic empowerment of women. Government’s decision to …

Minister engages stakeholders on Tourism Equity Fund

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… it deviates from the provisions of the Broad-Based Black Economic Empowerment (B-BBEE Act). “We communicated to … “This fund will support our collective efforts towards economic recovery and reconstruction so that we can move firmly …

Human Settlements gears up for sector’s economic recovery

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… Human Settlements gears up for sector’s economic recovery

COVID-19: From relief to recovery

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… now shift from relief measures to deliberate action to aid economic recovery.  This, the President said in his weekly newsletter … national debt down to sustainable levels, no meaningful economic recovery will be possible. "Many workers lost part … COVID-19: From relief to recovery

Government's commitment to economic stabilisation welcomed

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… CEO, Mikel Mabasa, has welcomed government’s commitment to economic stabilisation and the investment drive in the … prove that the industry is committed to the country's economic recovery and growth prospects. Ford Motor Company announced a … Government's commitment to economic stabilisation welcomed …