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CABINET: BUSINESS & GOVT. PARTNERSHIP CRITICAL TO BOOST ECONOMIC CONFIDENCE

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CABINET: BUSINESS & GOVT. PARTNERSHIP CRITICAL TO BOOST ECONOMIC CONFIDENCE
In its latest meeting on 21 June 2017, Cabinet expressed confidence in its systematic interventions to address the country’s economic challenges as well as work undertaken to strengthen the performance of State Owned Companies. Cabinet emphasised that the partnership between government, business, labour and civil society is critical to boost confidence levels. It added that by working together, South Africans can reclaim and maintain investment-grade ratings.

Other key points discussed at the Cabinet meeting include:

  • Cabinet approved the Civil Aviation Amendment Bill of 2017 for submission to Parliament. The Bill aims to strengthen aviation safety, and the security and environmental protection regulatory framework to ensure sustainability and stability of the civil-aviation industry. Amendments include:
    • A provision for the operational independence of aircraft accident and incident investigation
    • Provision for the establishment of the Aviation Safety Investigation Board
  • Cabinet approved the Revised Human Resource Development Strategy towards 2030. The revised strategy aims to address the weaknesses identified in the last five years in some parts of the education and training system. The strategy is now aligned to the National Development Plan (NDP) and Medium Strategic Framework (2014-2019).
  • Cabinet encourages South Africans to support the upcoming Knysna Oyster Festival and the Knysna Marathon. It added that all stakeholders are working together to ensure Knysna is fully operational and open for business.
  • Cabinet calls on all South Africans to celebrate Mandela Day on 18 July and help make the world a better place. The theme for Mandela Day 2017 is #ActionAgainstPoverty.
  • As Youth Month comes to a close, Cabinet calls on youth to use all the support and resources that government has made available to improve their prospects and advance their participation in the economy.
    Click here to view the full meeting statement of 21 June.

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