DA demands economic crisis recovery plan from Ramaphosa

By Doug Mattushek - 31 July 2019Views : 518

The Democratic Alliance has demanded an economic recovery plan following two pieces of harrowing news on Tuesday.

Statistics South Africa released a quarterly report on Tuesday, revealing that the unemployment rate had jumped significantly to 29%. On top of that, embattled state utility Eskom announced it recorded a R20 billion loss in the last year.

DA leader Mmusi Maimane believes an immediate plan of action is needed by President Ramaphosa.

"The country expects leadership from its President, and urgent action to reform our State Owned Enterprises," said Maimane in a statement.

"The DA position is that the President must announce the splitting up of beleaguered Eskom into two, selling off SAA and non-essential assets at the SABC and reforming our labour laws by slashing red tape to allow more businesses to create jobs and replacing the national minimum wage with a sectoral minimum wage.

"Investors will not invest if they do not feel safe and we therefore need to devolve the powers of our police and rail services to provincial governments to ensure that South Africans have a safe and efficient work commute.

"What I want to offer to President Ramaphosa is that solutions to save our economy are available, based on interventions that have already worked in governments across South Africa where the DA governs. The President needs to enable governments that are achieving growth against all economic odds to inform a national strategy around what local economies are doing best."