Addressing The Nation – Economic Reforms

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In his letter to the nation on 12 June, His Excellency Cyril Ramaphosa assured the country that South Africa’s economy is undergoing a fundamental transformation that will make it more competitive, inclusive and capable of growth. “Since the start of this administration, we have been pursuing far-reaching reforms in ‘network’ industries like electricity, telecommunication, water, ports and rail. We have focused on reforms that are sustainable and transformative rather than temporary solutions that won’t last.

A new path to increase energy capacity

“After more than a decade without a reliable electricity supply, South Africans are justifiably frustrated and angry. They are fed up. We have therefore developed a set of actions to respond to the crisis,” said President Ramaphosa.