The Presidential Budget Vote of 2024 outlines President Cyril Ramaphosa’s vision for South Africa’s future, with a focus on inclusive growth, job creation, poverty reduction, and ethical, capable, and developmentoriented governance. The government’s strategy involves collaboration and partnership across the public and private sectors, with civic engagement and scientific innovation playing a key role. The Presidency is committed to tackling youth unemployment, genderbased violence and femicide, and implementing initiatives to improve economic and social wellbeing for all South Africans.
South Africa’s economic transformation plan focuses on inclusive growth and infrastructure development to address income disparity, empower marginalized communities, stimulate industrialization, and promote economic diversification. The government is also combating corruption, embracing technological advancements, and solidifying relationships with other African nations and emerging economies. At a recent Black Business Council Awards and Dinner, the Minister in the Presidency and President Cyril Ramaphosa outlined the country’s vision for the future, emphasizing the importance of inclusive growth, infrastructure development, digitalization, and partnerships with other nations. This occasion symbolized South Africa’s commitment to economic empowerment and transformation.
The placement of the Shangoni Gate at Kruger National Park marks a new era of collaboration and shared ownership in the tourism sector. This move aims to boost the economy, preserve the environment, and most importantly, improve the livelihoods of local communities. The decision was reached after careful consideration from key stakeholders, including the royal families of Mtititi, Madonsi, and Muyexe, and marks a significant win for the entire region. The gate not only improves access to the park but also opens up job and business opportunities, while symbolizing a step toward eradicating poverty and achieving inclusive growth.
The Presidential Employment Programme (PEP): CBD Regeneration Project, supported by the National Treasury, has made significant progress in addressing the issue of homelessness in Cape Town. This partnership between the City’s Enterprise and Investment Department and Khulisa Social Solutions is a crucial component of the City’s Inclusive Economic Growth Strategy (IEGS), aiming to combat economic challenges, inequality, and job creation barriers.