South Africa Eyes Inclusive Economic Growth Under Ramaphosa

President Cyril Ramaphosa addressed parliament, outlining his plan for inclusive economic growth in South Africa. The speech marked the start of a new parliamentary term after the ANC lost its majority, necessitating a coalition government. The focus will be on economic empowerment and significant infrastructure investment.

President Cyril Ramaphosa committed to prioritizing inclusive economic growth in his address to parliament on Thursday, marking the official opening of the new parliamentary term.

Following the ANC's loss of majority in the May election, Ramaphosa emphasized that the coalition government aims to continue programs fostering economic empowerment for Black South Africans and will invest heavily in infrastructure.

These initiatives are viewed as crucial to reinvigorating South Africa's economy, which has experienced a decade of stagnation.