Ramaphosa focuses on economy in speech

DURBAN - President Cyril Ramaphosa says difficult moments that the ANC has overcome have made it stronger.

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The president highlighted the challenge of economic growth in the country and unity within the ANC.

"We have come here on the 125th anniversary of the formation of the Natal Indian Congress to reaffirm the strength of united action and our undying commitment to a non-racial South Africa," Ramaphosa said.

"It is a nation founded on a democratic and progressive Constitution that guarantees equal rights to all people. A nation with strong & durable democratic institutions, an independent judiciary, a free media, and an active civil society."

"Millions of poor South Africans have benefited from the provision of free houses, the restitution of land and the provision of electricity, water and sanitation."

The president acknowledged the problem of corruption and the erosion of state institutions due to state capture that affected the economy.

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"We must also acknowledge that factionalism and patronage has diminished the ability of the ANC to lead the process of transformation and fulfil its mandate to the people," he said. 

"As the ANC, we admit our shortcomings, we accept the criticism of the people and we are hard at work to correct our mistakes."

"The last 25 years have demonstrated the enormity and complexity of the task of redressing the injustices of the past and advancing fundamental change."

Ramaphosa said the government would focus on investment and transformation of the economy going forward.

Ramaphosa said, "the 2019 elections provide an opportunity to restore our democratic institutions and to return our country to a path of transformation, growth, and development."

"Through our 2019 Election Manifesto, the African National Congress is making a call on all South Africans, black and white, young and old, urban and rural. Let's grow South Africa together. "

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He revealed a plan to raise R1.2-trillion in new investments and open up new markets for emerging companies.

The president also pledged to incorporate more women, rural business people, and youth into the economy. 

President Cyril Ramaphosa will be delivering the party's annual January 8 statement.


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