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Ramaphosa announces details on SA's economic stimulus package

21 September 2018 1:20 PM
Tags:
Stimulus
President Cyril Ramaphosa
economic stimulus plan
stimulus package

The President made the announcement at a briefing in Pretoria on Friday.

President Cyril Ramaphosa has announced details on the latest economic stimulus package which contains five measures to help grow the economy.

The President made the announcement at a briefing in Pretoria on Friday.

Investment focus has been placed on agriculture, townships and rural economies. Ramaphosa also touched on amendments that will be made on the travel of minors to South Africa and the list of countries requiring visas to enter South Africa.

He says an e-visa pilot will be implemented.

Xolani Gwala spoke to David Frost, CEO at Southern Africa Tourism Services Association for reaction.

We welcome the President's words with respect firstly to unabridged certificates and then secondly they're going to have a look at visa waver for a couple of countries. We welcome both of these.

David Frost, CEO at Southern Africa Tourism Services Association (Satsa)

I think whilst we are grateful that these amendments have happened, I still think we could be moving more quickly to get some quick wins.

David Frost, CEO at Southern Africa Tourism Services Association (Satsa)

We know in the first year when the unabridged certificate requirement was being placed, 13 000 people were being turned away from points of embarkation but the real cost is people considering South Africa as a destination, coming across the requirements and then simply going to alternate destinations.

David Frost, CEO at Southern Africa Tourism Services Association (Satsa)

The whole locus of competitiveness in tourism today is not so much the size of your marketing budget, it is all around ease of access.

David Frost, CEO at Southern Africa Tourism Services Association (Satsa)

Frost says they would have liked to see more changes.

Whilst we are optimistic we are sitting around talking about doing stuff. Lets move to action, lets get rid of visas for New Zealand, for countries like the UAE and in our big markets like India and CHina - we have gone backwards and stagnated in the last five years principally because of onerous visa requirements.

David Frost, CEO at Southern Africa Tourism Services Association (Satsa)

Meanwhile, Head of the School of Economics and Business Science at Wits University Professor Jannie Rossouw says while it is important that government has acknowledged that South Africa is in economic crisis, he would have wanted to see more focus on supply side initiatives.

This is a stimulus package focusing on the demand side and the infrastructure expenditure side is very positive but I would have wanted to see more focus on the supply side.

Jannie Rossouw, Head of the School of Economics and Business Science at Wits University

One example - the South African government should only purchase vehicles manufactured in the country for the government's vehicle fleet. You will have an immediate job creation effect.

Jannie Rossouw, Head of the School of Economics and Business Science at Wits University

Click on the link below to listen to the full conversation....


21 September 2018 1:20 PM
Tags:
Stimulus
President Cyril Ramaphosa
economic stimulus plan
stimulus package

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