Special cabinet meeting postponed

By Drum Digital
18 December 2015

By Nomzamo Ngcobo 

A special cabinet meeting on the economy was scheduled to take place today in Tshwane, but has been postponed until next month.

The South African markets took a hit last week when President Jacob Zuma axed Nhlanhla Nene as Finance Minister, replacing him with Des van Rooyen and then Pravin Gordhan. The meeting was to discuss the impact of the global economy crisis on the domestic economy. It would also have reviewed the Nine Point Plan that President Jacob Zuma presented in the State of the Nation Address this year.

The Nine Point includes revitalisation of the agriculture and agro-processing value-chain; advancing beneficiation (adding value to our mineral wealth); more effective implementation of a higher impact Industrial Policy Action Plan (IPAP); unlocking the potential of small, medium and micro enterprises (SMMEs), co-operatives, township and rural enterprise; resolving the energy challenge; stabilising the labour market; scaling-up private-sector investment;growing the ocean economy; and cross-cutting areas to reform, boost and diversify the economy (science, technology and innovation, water and sanitation, transport infrastructure, broadband rollout and state-owned companies).

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