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Ramaphosa to unveil economic stimulus package on Friday

President Cyril Ramaphosa

President Cyril Ramaphosa

20th September 2018

By: News24Wire

  

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President Cyril Ramaphosa will unveil a stimulus package that he hopes will kick-start South Africa’s lagging economy on Friday morning. 

Cabinet has signed off on the measures, which they hope will reignite economic growth, said Minister of Communications Nomvula Mokonyane on Thursday morning.

She was briefing the media on the outcomes of a Cabinet meeting held on Wednesday. 

SA is currently in a technical recession following two successive quarters of negative economic growth. 

Edited by News24Wire

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