Ramaphosa’s restructured cabinet will focus on economic growth

Speaking at the Goldman Sachs conference in Johannesburg on Wednesday, president Cyril Ramaphosa said the cabinet with be reconfigured with the South African economy in mind.

Ramaphosa told investors that the new configured cabinet will target economic growth and job creation.

The announcement came the day after Statistics SA revealed that unemployment had reached a near 15-year high during the first quarter of 2019.

HeraldLIVE reported that Ramaphosa said a number of issues were already being addressed and an economic stimulus plan is underway.

Government are also in the process of cleaning up state-owned enterprises, in particular Eskom.  The power utility is not being privatised but will be restructured to allow the private sector to partner with it as if Eskom fails, the country will fail, Ramaphosa said.

He went on to say that the problem with Eskom started with the key structure and governance, and he will be consulting with the unions to deal with the matter of over-staffing.