South Africa : Government considers interventions to protect SA from economic crisis
South Africa : Government considers interventions to protect SA from economic crisis - By Bathandwa Mbola
Parliament - Government and its social partners are considering various interventions which can help minimise the impact of the global economic crisis on the country.
Delivering his first State of the Nation Address on Friday, President Kgalema Motlanthe said the global financial crisis posed a serious danger to South Africa's economy which is strongly integrated into the world economy.
He reported that interactions between the Presidency and leaders of various social partners, have agreed jointly to devise interventions that would minimise the impact of this crisis.
"Firstly, government will continue with its public investment projects, the value of which had increased to R690-billion for the next three years. In this regard, where necessary, we will find creative ways to raise funds," he said.
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