OVER THE LAST 5 YEARS, WE HAVE: • Taken unprecedented steps to respond to the devastating
COVID-19 pandemic to protect lives and livelihoods. The
• Raised R1.5 trillion in new investment commitments, of health measures put in place and the introduction of the
which over R500 billion has already flowed into the special SRD grant, income replacement schemes and loan
economy. schemes to support businesses saved many lives, businesses
and jobs.
• Taken decisive measures to end load shedding, ensure
energy security, enhance logistics systems and improve ports The progress over the last five years has laid a good
and rail networks. foundation for the more rapid transformation of the economy,
with emphasis on employment creation and active, state-led
• Accelerated land redistribution so that around 25% of industrialisation drives supported by macroeconomic policy
farmland is now owned by black South Africans. interventions.
• Supported 1,000 black industrialists, with these black- These interventions will be complemented by infrastructure
owned firms now employing more than 90,000 workers and development, procurement policies, skills development
contributing billions of rands to our economy. and innovation which will support small businesses and
cooperatives in township and rural economies.
• Supported worker ownership with over 200,000 more
workers obtaining ownership of shares in the companies Together we have a lot more to do to transform the economy
they work for, bringing the total worker ownership to well and create more jobs
over 500,000 workers.
• Driven large-scale projects across the country, such as bulk
water resources, road construction and human settlements.
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