ANCYL congratulates Ramaphosa on 'successful investment conference'

2018-10-27 18:36
President Cyril Ramaphosa. (Leon Sadiki, City Press)

President Cyril Ramaphosa. (Leon Sadiki, City Press)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

The ANC Youth League (ANCYL) has congratulated President Cyril Ramaphosa for hosting a successful investment conference.

"The [ANCYL] understands that this form of investments comes into the country in the form of pledges made by a number of private sector companies in order to inject some much-needed investment into the economy and possibly create new job opportunities," provincial secretary Thanduxolo Sabelo wrote in a statement on Saturday.

This comes after the president announced an amount of R290bn in investment pledges to South Africa at the summit held at the Sandton Convention Centre on Friday.

The ANCYL urged the investors to prioritise job creation for the youth.

"We also encourage that the private sector ensures set asides for young people with a specific focus of ensuring that young people get business opportunities," Sabelo said.

"This will also ensure that young people participate in the main stream economy of our country guaranteeing much-needed jobs in our country," he added.

READ: R290bn! The investment strike is over, declares Ramaphosa

The ANCYL also cautioned the president to monitor the implementation of pledges in South Africa to avoid the exportation of jobs to other countries at the expense of South Africa.

This is one of the many initiatives by Ramaphosa's new dawn to boost the economy of South Africa.

Ramaphosa on Thursday launched a multi-billion-rand train plant in the City of Ekurhuleni, that was described as an "engine for economic growth".

The manufacturing plant - which is scheduled to deliver two new trains by December 2018, an additional nine by March 2019 and an estimated 56 trains over the next two years - is addressing the issue of youth unemployment according to the president.

"The majority of people who work her are below 35 years; that is fantastic because it addresses youth unemployment," he told investors at the launch of the Gibela Manufacturing site in Nigel, Gauteng.

Investments from  Vedanta, Mara and Aspen, to name a few, are examples of the pledges made to South Africa making it an investment destination choice, according to Ramaphosa.

"Today marks an important milestone along our journey of establishing South Africa as investment destination of choice," Ramaphosa said in his closing remarks at the 2018 Investment Summit.

Read more on:    ancyl  |  ramaphosa  |  cyril  |  youth unemployment

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
Traffic

Jobs in Cape Town [change area]

Jobs in Western Cape region

HSE Manager

Cape Town
Tumaini Consulting
R550 000.00 - R650 000.00 Per Year

SQL Reporter

Cape Town
Communicate Cape Town IT
R10 000.00 - R12 000.00 Per Month

Reporting Accountant

Cape Town
Network Finance Professional / Prudential
R310 000.00 - R360 000.00 Per Year

Property [change area]

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.