General News

“SA GNU focuses on transforming economy for local production”

Date: Oct 15, 2024

African National Congress (ANC) President Cyril Ramaphosa says the Government of National Unity (GNU) remains focused on transforming the economy so that South Africa(SA) manufactures goods instead of exporting its raw materials.

He was speaking at Luthuli House in Johannesburg as the country marks the first 100 days of the GNU.

Ramaphosa says the ANC wants to see international investment in the productive side of the economy, especially the beneficiation of raw materials into finished products.

The ANC leader says SA should export finished goods to Africa and other parts of the world, stressing that the party will continue to lead the ‘fundamental transformation of society’ even as it takes part in the GNU.

Ramaphosa says the ANC had to face a new reality when it failed to obtain an outright majority in the national elections.

He says the party has always taken the lead and its decision to participate in a GNU was another act of leadership.

--SABC--

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