global economic headwinds, SA economy is poised to forge ahead.
This is according to Jeff Radebe the Minister in the Presidency for Planning, Monitoring and Evaluation.
He said Honorable Zuma merits the commendation of South Africans because he’s led numerous effective interventions through domestic and international partnerships to boost economic growth and job creation.
Radebe said Cabinet has acknowledged the growing number of investment initiatives the country has embarked on. The investment initiatives he said, points to the confidence the international investment community have in South Africa’s economy.
The Minister promised that the government is committed to re-energizing the economic growth of the country. The Zuma government he said, is working with business outlets and labor to preserve existing jobs and create more sustainable ones.
Among other things, Radebe refereed to the R100 million Dursots & All Joy Tomato Processing Plant in Modjadjiskloof the Minister of Trade and Industry recently launched.
He said the investment has enabled the employment of 70 people and has indicated that the number will increase to above 300 come 2017. Also, it will create 900 seasonal jobs.
Adding that the company has also initiated an export structure and plans on exporting 25% of its products to the Middle East, China and the rest of Africa, Radebe stated:
“These investments showcase the steady implementation of the Nine-Point Plan and the Industrial Policy Action Plan (IPAP) that focus on increasing manufacturing-based value addition, employment creation and export-intensity to grow the economy and create jobs.
Through our program of structural reforms and fiscal consolidation, government will remain within its expenditure ceiling to ensure that our economy emerges stronger when the global economy recovers.”