Government working hard to promote confidence in the economy – Zuma

Johannesburg  As the country continued to battle high levels of youth unemployment, government was working on programmes to promote confidence in the economy to attract investors, President Jacob Zuma said on Thursday.

“We need the economy to grow so that jobs can be created, especially for our youth. Towards this goal, government continues to implement programmes aimed at promoting confidence in the economy, working with labour and business,” Zuma told thousands of people at Orlando Stadium in Soweto there to commemorate the 1976 June Soweto Uprising.

He said government’s efforts were paying off as "numerous companies" had invested in the country recently.

“Recently we have seen new investments by companies in the country such as Toyota, BMW, Nestle, Mercedes Benz, Dursots and All Joy and others. These investments demonstrate confidence in our country and the economy. We will continue our programmes of removing obstacles to investments and to work with labour and business as we re-ignite growth,” he said.

Zuma said government worked in a difficult climate as the situation was negative globally too. He called on the youth to stop being labourers and to expand their horizons by becoming entrepreneurs.

Most powerful weapon of all

“We encourage young people to open up their own small businesses. The democratic government has created opportunities for support by many agencies within government. A lot has been achieved in the past five years by the National Youth Development Agency (NYDA) on education and skills development and in supporting young entrepreneurs,” he said.

Zuma appealed to the youth to pay homage to those killed in 1976. He said the best way to do that was to study and focus on education. Addressing the near-capacity crowd, Zuma spoke about the importance of education and the role parents and society should play in ensuring schools were safe for learning.

“Let me reiterate that we urge the current generation to pay tribute to Hector Pieterson, Tsietsi Mashinini, Khotso Seatlholo, Mbuyisa Makhubu, Hastings Ndlovu and many others by prioritising education. We are looking up to you as the youth, to move South Africa forward, and that you will do, armed with the most powerful weapon of all, education.”

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
The EFF has voted with the DA to ensure they now govern Johannesburg, Tshwane and Ekurhuleni. Was this:
Please select an option Oops! Something went wrong, please try again later.
Results
A brilliant strategic move by the DA not to make formal coalition agreements
24% - 1948 votes
A brilliant strategic move by the EFF to force the DA to negotiate with them
16% - 1320 votes
A recipe for disaster and five more years of unstable local government
60% - 4883 votes
Vote
Rand - Dollar
16.14
+0.9%
Rand - Pound
21.51
+0.2%
Rand - Euro
18.20
+0.4%
Rand - Aus dollar
11.53
+0.1%
Rand - Yen
0.14
+0.1%
Gold
1,793.50
-0.0%
Silver
23.38
+1.0%
Palladium
1,797.00
+2.6%
Platinum
979.50
+2.5%
Brent Crude
72.72
-11.6%
Top 40
62,411
0.0%
All Share
68,615
0.0%
Resource 10
64,074
0.0%
Industrial 25
92,909
0.0%
Financial 15
12,995
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE