Change calls for drastic intervention - Zuma
Fin24

Change calls for drastic intervention - Zuma

2014-06-17 19:58

Cape Town -South Africa needs drastic intervention to jumpstart the economy and overcome poverty, unemployment and inequality, President Jacob Zuma said on Tuesday in his seventh State of the Nation address.

Zuma sombrely acknowledged that economic growth had lagged far behind the government's targets for three years and that many South Africans were struggling.

He urged efforts to boost investment, stabilise the mining sector and its workforce, resolve energy shortages and alleviate vast income inequalities.

To this end, a national minimum wage to reduce the income inequalities that persisted in the country twenty years into democracy might be introduced.

"Change will not come about without some far-reaching intervention," Zuma said, adding that nothing would cure the ailments of the post-apartheid society as rapidly as job growth.

But he stressed that for this it was imperative to boost growth and this could only be done if investment levels increased.

"Creating work requires faster economic growth.

"The low level of investment is a key obstacle to growth. We would like to see the private sector showing as much confidence in the economy as the public sector."

The president added that government would put special focus on the strife-ridden mining industry and would monitor 2014 targets and "extend this right to dignity to mine workers".

"Companies are expected to convert or upgrade hostels in family units ... and also facilitate a home ownership option for mine workers."

Turning to energy restrictions, Zuma signalled that the government planned to push ahead both with nuclear energy generation and shale gas exploration.

"Nuclear has the capacity to produce well over 9000 megawatts while shale gas is recognised as a game changer for our economy.

"We will pursue the shale gas option withing the framework of our good environmental laws."

Comments
  • Franklyn Davies - 2014-06-17 20:07

    you can start with being held accountable for your own corrupt activities and lead by example for a change !

      Bay Biscotti - 2014-06-17 20:14

      Expected drivel from a man who's head is full of primordial ooze.

      Kenny Williams - 2014-06-18 09:32

      He can start by resigning. Expecting him to run this country is like asking a toddler to change his own nappy.

  • Ditshego Nale - 2014-06-17 20:10

    That we know already what we want to hear is how is this going to happen you have always had a plan a very good one with the IDP Action Mr President no more empty promises

  • lacrimosewolf - 2014-06-17 20:10

    National Minimum Wage. Oki dokes. Well you can stop lamenting low level of investment and hold a State Funeral for it instead.

  • themba.nsele.71 - 2014-06-17 20:12

    You can call him all sort of things your rubbish, at the end of the day he is you President and you must get that into your heads your bladdddyyyy agents.

      Lukas Ekisjouvaader - 2014-06-17 20:21

      I refuse to drop my standards that low - he can be your president

      Vérité Un - 2014-06-17 20:21

      Hitler was the leader of Germany, should hem be respected aswell?

      Deon Louw - 2014-06-17 20:27

      SA deserves a better leader than this, come back Mr Mbeki.

      Alan Smith - 2014-06-17 20:31

      @nsele lol clown

      Ian Trenor - 2014-06-17 20:32

      Themba not my fault you vote for such low standards and trash! But that is the African way right!

      Tshivhenga Ndoe - 2014-06-17 20:39

      @ Deon Louw Thabo Mbeki You must be kidding !!! The most educated President in SA's history AND the biggest IDIOT Goes into Africa with a box of tissues and some plasters ( While Zuma travels in Africa with a TRADE DELEGATION and an order book !) And the biggest CRIMINAL He is responsible for the DEATHS of TENS OF THOUSANDS OF SA AIDS SUFFERERS He belongs in jail. ' But he weas not corrupt ' Ohhhh really Who paid for his 50th birthday bash ? None other than the most corrupt SA businessman ever......... Sol Kerzner Wonder WHY........................................????????????????????????????????????

      lacrimosewolf - 2014-06-17 20:46

      And you must get it into your head that there will be no jobs in the next 5-40 years.

      Justin Pretorius - 2014-06-17 20:48

      HE IS NOT MY PRESIDENT, HE IS THE REGIME'S PRESIDENT! I DID NOT VOTE FOR THIS GERIATRIC!

      Richard Young - 2014-06-17 20:50

      Laughter with tears from my eyes

      Armstrong Dreadnaught - 2014-06-17 21:49

      Do I get my deposit back if I return my empty president?

      Kenny Williams - 2014-06-18 09:36

      I wopuld rather be a bladdy agent than a clown. HE IS NOT MY PRESIDENT. HE IS A CORRUPT THIEF. Any president who is honest and does his job will get my respect but Zuma????? You must be joking.

  • Joahan Smal - 2014-06-17 20:15

    Get rid of BEE, get control over government theft of taxpayers' money, change labour laws to three words only "YOU ARE FIRED", resign immediately as the president of this country and have your days in court to prove how "innocent" you are. Only then may we see growth, but until then your constipated, narrow-minded views will sink this country into the sewers. IN SHORT - STOP STEALING AND GET INTELLIGENT AND COMPETENT PEOPLE INTO GOVERNMENT!!!

      Tshivhenga Ndoe - 2014-06-17 20:45

      But you DA supporters are sooooooo confusing. When Blunder Zille, wanted to make Ramphele Mamphare.......; PRESIDENT OF SA, You all jumbed up and down of joy .............................................. But this Mamphara is the BEE QUEEN !!! WHAT is wrong with you people ??

      Dion Roder - 2014-06-17 21:17

      Zuma is preparing for the possibil;ity that he will be prosecuted with the so-called ailment he was resting from this past week. Once he is convictedm he will be quicker out of prison than his corrupt buddies as a dying prisoner. That he will then take thirty years to die whilst he enjoys his ill-gained spoils will not be strange to his supporters.

      Jon Low - 2014-06-18 02:40

      Zille wisely pulled the plug on what once seemed a good idea. And it did her party no harm -- she gained 1.1 million more votes. Has Zuma ever pulled the plug on any of his ideas which have not worked out well? Or does he just press on regardless, trailing smoke and debris?

      Kenny Williams - 2014-06-18 09:39

      Tshivhenga, it shows how desperate we are to get rid of Zuma and get South Africa back on its feet. Hang, I would even vote for Donald Duck instead of this clown president we have at the moment.

  • Stephanus de Bruin - 2014-06-17 20:20

    Blah, blah, same old story!!!!

  • Lukas Ekisjouvaader - 2014-06-17 20:20

    "We will pursue the shale gas option withing the framework of our good environmental laws." - guess that is where most willing bribe payers are.

  • Ann Wilson - 2014-06-17 20:22

    Blah, blah , blah - same old, same old & nothing changes. The most useless president we've had since 1994.

      Lukas Ekisjouvaader - 2014-06-17 20:29

      I wanted to make it 1652 but then I remembered his forefathers were plundering somewhere up north. Only arrived here at about 1820.

  • Johan Jacobs - 2014-06-17 20:31

    "nuclear energy".....did I read nuclear power? HEG...HEG...HEG....hegge hegge hegge..... Ouch, my stomach! RUN!!!!!

  • Quintin Strydom - 2014-06-17 20:47

    How do you encourage investment by increasing minimum wage???

      lacrimosewolf - 2014-06-17 22:00

      Don't worry yourself about logic, logistics or reality Just believe. And k^k en betaal until that glorious day arrives.

  • Dion Roder - 2014-06-17 21:13

    The ngoodn environmental environment where the coal and other mines are destroying the ecology where they operate such as in Mpumalange. Shale gas will prosper because of the amssive bribes the industry players are able to pay and the destruction of the Karoo ecology will go unmourned by the fat cat ANC members. We trust opur laws but unfortunately these laws are a mockery when it comes to the drive to appply the legislation by the politicians.

  • fanie.oosthuizen - 2014-06-17 21:27

    I am hopeful of our country's future. To govern our country according to Western standards is impossible and once everyone can understand that fact, acceptance of all the problems will be a given plus government show a clear commitment to work on those issues.

  • Jon Low - 2014-06-18 02:36

    Spell out what your "drastic intervention" involves. Then ask yourself whether your plan really is "drastic" or "radical", or merely just one more desperate rearrangement of the Titanic's deckchairs?

  • Mark Van Niekerk - 2014-06-18 02:36

    Eh he

  • Louis Bessenger - 2014-06-18 10:09

    Just rhetoric. In my opinion, simply stated, prosperity follows growth, growth follows investment, but, an investor requires a nurturing climate, control over his investment and a reasonable return on it.

  • Lunetic Mental - 2014-06-18 10:16

    So for 3 years cANCer, he and parliament,watched how economic growth lags behind government targets? So why should we expect the new plans to work?

  • Joe Black - 2014-06-18 11:38

    What a clown leads us. This is as idiotic as that push to clear credit histories. I'm sorry, but artificially creating wealth just devalues our currency and that serves nobody. Its better to earn a little when your money is worth something than to earn a lot while money is worthless. This grand plan proposed here is populist and has more to do with retaining his dwindling support than with saving the economy. In fact it will hurt the economy. Jobs will be lost if employers cannot afford to keep people anymore. The next step from there will be forcing employers to retain employees and that will be the same as the hogwash that happened in Zim where shop owners were forced to keep their shops open while they were forced to keep their prices affordable causing them to operate at a loss until they were bankrupt or beyond. Its nonsense!

  • Peter L' Estrange - 2014-06-19 10:38

    The main income inequalities are between those that have jobs and those without jobs.

  • Kevin Moxham - 2014-12-30 08:21

    rid us of the unions and rid us of laws that hold us back....!

  • Nico Louw - 2014-12-30 08:41

    Zuumper defines " within the framework of the law " me thinks you don't have a F...ing clue

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