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South Africa puts public works, jobs at heart of COVID-19 recovery plan


South Africa will embark on a massive public works and job-creation drive in response to the coronavirus crisis, President Cyril Ramaphosa said on Thursday, unveiling a plan to return Africa’s most industrialised economy to growth. South Africa was in recession before it recorded its first coronavirus infection in March, with one of the world’s strictest lockdowns and a global drop in demand for its exports causing GDP to fall by more than 17% in annual terms in the April-June quarter, when over 2 million jobs were lost. Ramaphosa’s government has been in talks with business and labour leaders for months trying to plot a path to recovery.

Reuters - October 15, 2020

View the full story here: https://uk.reuters.com/article/safrica-economy/update-2-south-africa-puts-public-works-jobs-at-heart-of-covid-19-recovery-plan-idUKL8N2H64HA