What time will Ramaphosa deliver the Economic Recovery Plan on Thursday?

President Cyril Ramaphosa is set to deliver the Economic Recovery Plan on Thursday, sharing with us a roadmap out of the COVID-19 crisis. As South Africa enjoys the comparative serenity of Level 1 restrictions, the presidency now believes the time is right to focus on rebuilding livelihoods. We’ve got the live stream here, but what time does it all kick-off?

What time will Cyril Ramaphosa speak on Thursday 15 October?

He is scheduled to address Parliament at 14:00 SAST. His speech will likely last more than 45 minutes, and details of the Economic Recovery Plan are set to be scrutinised by members of the house. It’s worth noting that this will serve as the pre-cursor to Tito Mboweni’s mid-term Budget Speech at the end of the month.

Live stream: Watch Cyril Ramaphosa share his COVID-19 Economic Recovery Plan here

[Stream will appear here, just before 14:00]

What can we expect from the Economic Recovery Plan?

It’s perhaps time to expect the unexpected: Ramaphosa has already stated that “extraordinary measures are required” to get the economy back on track. We know that the president has earmarked infrastructure development as a key driver of economic reform in South Africa, unveiling the Mooikloof mega-city development just two weeks ago.

There will be more where that came from. However, with an expanded unemployment rate of 42% – and the damage of COVID-19 still being felt sharply – the focus will, at some point, switch to job creation. Ramaphosa was elected as ANC leader on a ticket of employment creation, but the figures have gone in the opposite direction since 2018.

The Economic Recovery Plan is the result of extensive deliberation between government and its social partners, including business and labour. Cyril Ramaphosa will deliver his address virtually, with a number of MPs attending Parliament in person.

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Presh JM Reporter

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