Find Us On...

Find us on FacebookFind us on TwitterFind us on YouTubeFind us on FlickrFind us on Instagram
BRICS leaders family photo
BRICS Leaders pose for a Family Photo during the 9th BRICS Summit in the People's Republic of China
South Africa-China bilateral
President Jacob Zuma and President Xi Jinping of China hold a bilateral meeting ahead of the BRICS Summit plenary session at Xiamen International Conference Centre, China
BRICS Summit plenary session
President Jacob Zuma addressing the 9th BRICS Summit plenary session at the Xiamen International Conference Centre in China
Deputy President during the SAPS National Day
Deputy President Cyril Ramaphosa during the South African Police Service National Day of Commemoration ceremony held at the SAPS Memorial Site, Union Buildings
President Zuma addressing the BRICS Business Forum
President Jacob Zuma addressing the BRICS Business Forum at Xiamen International Conference and Exhibition Centre, China


Back to top

NEDLAC social partners agree to economic recovery action plan

Profile Image: 
The National Economic Development and Labour Council (NEDLAC) has agreed to an action plan for economic recovery which is due for consideration and finalisation by Cabinet and is directed towards building confidence and placing SA on a path of investment and growth.

The agreement was formalised at a meeting today, Tuesday, 15 September 2020, of the NEDLAC Forum for Economic Recovery that was chaired by President Cyril Ramaphosa.

The social partners’ action plan is founded on significant convergence on what needs to be done to set the economy on a new, accelerated, inclusive and transformative growth trajectory.

Social partners have identified priority areas for rebuilding the economy as well as structural reforms and other programmes which will enable sustainable and inclusive growth with an intensive focus on job creation.

Social partners have also agreed on a social compact which commits government, business, labour and community to mobilising funding to address Eskom’s financial crisis in a sustainable manner – in return for an efficient, productive and fit-for-purpose Eskom that generates electricity at affordable prices for communities and industries.

The economic recovery action plan identifies roles and responsibilities of all the social partners – government, community, labour and business – who today declared their commitment to implementation of the plan. 

The President will announce the details of the plan once it has been finalised by Cabinet.

The President welcomed the social partners’ plan for economic recovery as a demonstration of collaboration that had produced “a significant milestone in the history of our democracy and the advent of a new era of confidence”.

“This is a great achievement that rises to the challenge of the moment,” the President said.

Media enquiries: Tyrone Seale, Acting Spokesperson to the President at

Issued by: The Presidency
Error | The Presidency


The website encountered an unexpected error. Please try again later.