COA News 2024


Two and a half million jobs achievable in the next 5 years: Ramaphosa – SABC News

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ANC President Cyril Ramaphosa says the ruling party’s promise of two and a half million jobs over the next five years is achievable.

He is in Kwa Zulu-Natal and will resume his party’s election campaign in some parts of Durban this morning.

Ramaphosa spent the day interacting with residents, with some young people telling him they have a degree but are sitting at home without work.

He said they will focus on attracting investment to fulfill their election promise of creating at least 500,000 jobs a year, especially for young people.

“Jobs come from investment and we need to bring in investment, and after this election we are going to make a major investment drive. We are now going for a target of $2 trillion and we are going to focus on new industries created by new sectors – the green economy, the hydrogen economy.

So the jobs for the future is what we are going to focus on: the digital and the green economy. We are surrounded by a maritime border of 4,700 km and the economy is calling us… we are doing well and we can do better.”

Statistics South Africa announced in February that the unemployment rate rose from 31.9% in the third quarter of 2023 to 32.1% in the fourth quarter.

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