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Johannesburg - The slow growth in the US and Europe is bound to affect South Africa, President Jacob Zuma says.
Addressing a business function hosted by newspaper The New
Age, Zuma said the global slowdown was already being felt in key local economic
sectors such as manufacturing.
The president said that government's R9bn jobs fund and the R20bn tax incentive schemes announced earlier in the year were being implemented.
A number of jobs projects were also being implemented to
tackle SA's high unemployment. These, he said, included expanded public works programmes, new cooperatives and projects in the construction sector.
The public sector was a "stabiliser" for employment, as it had increased jobs even during the economic recession period in 2008, Zuma said.
Zuma said SA would "work together" with the European Union to expand trade relations. He added SA was looking forward to hosting the 5th India, Brazil, SA forum on October 18.
"We look forward to a successful session," he said.
Government was focusing "intensively" on
education and the fight against HIV/AIDS, Zuma said.
On the recently reopened investigations into the SA arms deal, Zuma said that government would release information relating to the probe "in due course".
