Ramaphosa Urges South African Businesses To Lead Nation’s New Economic Growth Path

President Cyril Ramaphosa has urged South African businesses to actively participate in shaping a new economic direction for the country and the African continent.

On Tuesday, the president met with leaders from the corporate sector in Sandton to strengthen ties between government and major businesses. This engagement forms part of his broader strategy to attract investment and stimulate economic growth.

Ramaphosa emphasised the pivotal role executives play in promoting inclusive growth both locally and internationally.

South African Businesses Key to Driving Inclusive Growth

“Over many years, South African companies have become innovative and adaptive, skilfully navigating enormous challenges.

“These are capabilities that we should draw on as we broaden our horizons and explore new markets for trade and investment on our continent,” Ramaphosa said.

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Despite recognising the successes of local businesses, Ramaphosa acknowledged ongoing hurdles.

“In a complex and uncertain global economic environment, we need to strengthen the capacity of our economy to compete, to produce and to trade,” he said.

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