President Cyril Ramaphosa assures PEAC on commitment to reforms
21 Jul 2023
President Cyril Ramaphosa chaired a meeting of the Presidential Economic Advisory Council (PEAC) on Thursday 20 July 2023.
PEAC members commended President Ramaphosa and other African leaders for the steps that have been taken to advocate and work for an end to the destabilising Ukraine-Russia war, maintaining that a return to peace would be in the economic interests of Africa and other parts of the world.
PEAC members further supported President Ramaphosa’s efforts in sending envoys to the United States and other G7 economies to clarify South Africa’s role in working for peace. The meeting recognised that as South Africa seeks to deepen economic ties with BRICS countries, the country must at the same time continue to strengthen bonds with historical trade and investment partners.
The PEAC members welcomed the progress that has been made in implementing the reforms and encouraged the President to continue driving the reform agenda across the electricity, water, rail, ports, telecoms and skills sectors to revive economic growth and create the millions of jobs that are needed.