Today's Labour News

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ancEWN reports that according to President Cyril Ramaphosa, the R1.2 trillion that the ANC plans to raise in new investments for the next year will be used to assist creating 275,000 additional jobs.  

Ramaphosa made the remark while delivering the ANC's election manifesto at the Moses Mabhida Stadium in Durban on Saturday.  He also said the party was set on taking measures to lower the cost of doing business in the country.  However, Efficient Group chief economist Dawie Roodt says this was unrealistic.  “If he’s successful, there will be artificial jobs.  He probably won’t be successful because in South Africa the economy will not grow efficiently.”

  • The original of this short report by Robinson Nqola is at EWN

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