Streaming issues? Report here
Clement Manyathela 1500 x 1500 2020 Clement Manyathela 1500 x 1500 2020
The Clement Manyathela Show
09:00 - 12:00
volume_up
volume_mute

Up Next: The Midday Report with Mandy Wiener
See full line-up
The Clement Manyathela Show
09:00 - 12:00
Home
arrow_forward
Local

Positive part was extension of COVID-19 grant for three months - Duma Gqubule

15 October 2020 5:07 PM
Tags:
Cyril Ramaphosa
Economic Recovery Plan

Centre for Economic Development and Transformation director Duma Gqubule reacts to Ramaphosa's economic recovery plan.

President Cyril Ramaphosa announced in his economic recovery plan that the government will extend the special R350 COVID-19 grant for the next three months.

Ramaphosa made his economic recovery plan at a joint sitting of Parliament on Thursday where he focused on job creation and other structural reforms in the economy.

Reacting to the economic address Centre for Economic Development and Transformation founding director Duma Gqubule applauded the president for extending COVID-19 grants and coming up with an employment plan but was confused about the number he mentioned the number of job creation the government has planned.

Since the president came in, 20 months ago we have had 8 out of 10 quarters of declining investment. This is the worst investment performance in the post-apartheid period despite all these summits, pledges and these big numbers that he has thrown about.

Duma Gqubule, Founding director - Centre for Economic Development and Transformation

I am actually disappointed because we going to the playbooks of Gimmicks for the past 20 months because what we want to know is how are you going to finance this infrastructure plan are you praying that private sector will invest.

Duma Gqubule, Founding director - Centre for Economic Development and Transformation

The positive part was the extension of COVID-19 grant for three months it will provide as humanitarian relief for millions of black South Africans who are struggling and affected by the devastation of this virus.

Duma Gqubule, Founding director - Centre for Economic Development and Transformation

RELATED: What can we expect from Ramaphosa's economic recovery plan?

The president has also announced employment stimulus as well as a massive infrastructure investment of over R100 billion in the next three years.

Listen to the full interview...


15 October 2020 5:07 PM
Tags:
Cyril Ramaphosa
Economic Recovery Plan

More from Local

Light bulb, electricity, load shedding.

Just another promise? Load shedding to ease from September next year says Eskom

22 October 2020 6:42 PM

Bruce Whitfield interviews Rhulani Mathebula (head of Generation) on Eskom's turnaround plan and the future of Koeberg.

Share this:
Read More arrow_forward

200406handcuffsgif

Husband among five suspects in murder of two businesswomen in Polokwane - Police

22 October 2020 4:51 PM

The women were killed in a hail of bullets outside a warehouse at Magnavia, Polokwane on 10 October 2020.

Share this:
Read More arrow_forward

wedding-couple-marriage-bride-groom-ceremony-nuptials-reception-123rf

Ripped-off customers: Good Samaritans offer 50% discount on wedding dresses

22 October 2020 4:37 PM

Naturally, Diamonds and Bride & Co give brides-to-be who were ripped off by Eurobride 50% off for their wedding dresses and rings.

Share this:
Read More arrow_forward

eskomdiepsloot_1554

Residents of Pimville Zone 7 overcome electricity challenges

22 October 2020 2:25 PM

Resident Nomonde Kwesa and Eskom Gauteng spokesperson Reneiloe Semenya tell us more on this.

Share this:
Read More arrow_forward

Proverb

'I did not have the knack for learning, my grandma inspired me,' says Proverb

22 October 2020 12:04 PM

Musician, Idols SA host and author bares all about his upbringing, career as well as 'The book of Proverb' on #Hangingout with Clement.

Share this:
Read More arrow_forward

201014 Agrizzi3

Angelo Agrizzi resuscitated in hospital after suffering cardiac arrest – lawyer

22 October 2020 11:07 AM

Agrizzi, who is due to go on trial for corruption, was rushed to hospital following a decision by the Palm Ridge Magistrates Court to deny him bail last week.

Share this:
Read More arrow_forward

201021 Bushiri ECG6

'I don’t like how Bushiri handles his church, I feel like it's a cult following'

22 October 2020 10:47 AM

Listeners weigh in on controversial religious leader Shepherd Bushiri and his wife who were arrested for allegations of money laundering.

Share this:
Read More arrow_forward

senzo-3jpg

Chicco Twala maintains son Longwe's innocence in Senzo Meyiwa murder

22 October 2020 7:18 AM

Renowned music producer says if he believed his son killed the late football star, he would have handed him over himself.

Share this:
Read More arrow_forward

tab1png

Bye-bye TaB: Coca-Cola to can its original diet drink after nearly 60 years

21 October 2020 7:29 PM

TaB may qualify as a "heritage brand" but nobody drinks the stuff anyway! - Bruce Whitfield in conversation with Andy Rice.

Share this:
Read More arrow_forward

Covid-19 surgical mask shocked surprised woman 123rf

Alarm raised as 70% of people wear a mask when the leave home - Survey

21 October 2020 5:58 PM

Developmental, Capable and Ethical State research director Dr Stephen Rule says the research started in April.

Share this:
Read More arrow_forward