Ramaphosa urges business-government pact to deliver growth and jobs for 8.5 million unemployed
President Cyril Ramaphosa emphasized that South Africa cannot leave its 8.5 million unemployed citizens behind, calling for the third phase of the government-business partnership to boost GDP growth above 3% and create one million jobs by 2030. This comes after Statistics South Africa's Quarterly Labour Force Survey reported an increase of 345,000 unemployed individuals, reaching 8.5 million in the second quarter of 2026. Ramaphosa highlighted that the Government-Business Partnership, initiated in 2023, has already yielded results, including over 400 days without load shedding, improved port operations, and South Africa's removal from the Financial Action Task Force grey list. The first two phases focused on stabilizing electricity and logistics sectors, while the third phase will target high-employment potential industries such as mining, agriculture, tourism, and infrastructure, alongside addressing crime, corruption, and municipal service delivery. Key priorities include completing Eskom's unbundling, expanding transmission lines, opening rail corridors to private operators, implementing a new mining cadastre system, streamlining visa processes for tourists, and scaling up public-private infrastructure investment. Ramaphosa also stressed the importance of youth employment, promising expanded public programs and incentives to help young people secure sustainable earning opportunities. He concluded that the success of this collaboration relies on aligning government policy w
