Ramaphosa unveils infrastructure, jobs plan after Covid-19 hit

South Africa will roll out a big infrastructure spending programme and large-scale employment stimulus to revive an economy that was ailing even before the coronavirus crisis, President Cyril Ramaphosa said on Thursday.

Unveiling a Covid-19 economic recovery plan in parliament, Ramaphosa said the government would unlock more than R1 trillion ($60 billion) in infrastructure investment over the next four years and would create more than 800,000 jobs in the immediate term.


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Source: moneyweb.co.za