The key to economic recovery? Public employment schemes – Ramaphosa

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President Cyril Ramaphosa addresses the nation. Picture: GCIS
President Cyril Ramaphosa addresses the nation. Picture: GCIS

President Cyril Ramaphosa believes that, although the economic damage caused by the Covid-19 coronavirus has been “drastic”, the measures that have been put in place will help the economy recover.

Analysts have estimated that this pandemic will cost the country millions of jobs, he said in his newsletter to the nation on Monday morning.

“In the supplementary budget presented last month, government made provision for job preservation and job creation efforts. The job preservation efforts, such as those through the Unemployment Insurance Fund and tax measures, aim to prevent job losses in the private sector.”

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ANC secretary-general Ace Magashule has written a letter suspending party president Cyril Ramaphosa in apparent retaliation after he was served with a letter of suspension on Wednesday.
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