Government working hard to promote confidence in the economy – Zuma

2016-06-16 21:17
President Jacob Zuma in the Orlando Stadium in Soweto for Youth Day celebrations. (Claudi Mailovich, Netwerk24)

President Jacob Zuma in the Orlando Stadium in Soweto for Youth Day celebrations. (Claudi Mailovich, Netwerk24)

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

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.”

Read more on:    jacon zuma  |  johannesburg  |  economy  |  youth day

Join the conversation! 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.

Inside News24

Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.


Man scores date with tennis superstar after Twitter bet

It’s a modern day Cinderella story, but one American man took ‘shoot your shot’ seriously in 2017.


You won't want to miss...

Who are the highest paid models of 2017?
10 gorgeous plus-sized models who aren't Ashley Graham
5 top leg exercises for men
10 best dressed men of 2017
Traffic Alerts
There are new stories on the homepage. Click here to see them.


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 network.


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.