The President’s hopes for the 4th Industrial Revolution to bring inclusive economic growth in South Africa

SOUTH AFRICA - Report 09 Jul 2019 by Iraj Abedian

On February 16 2018, a day after assuming office as the 5th President of South Africa, Mr Cyril Ramaphosa delivered his inaugural State of the Nation Address (SONA), admitting that the country has had to function under difficult conditions. Poverty levels have been increasing in recent years after declining significantly following the democratic breakthrough of 1994. In fact, the World Bank stated that the trajectory of poverty reduction was reversed between 2011 and 2015, threatening to erode some of the gains made since 1994. Furthermore, inequality persists, while unemployment has also recently edged higher. This is because the economy has not grown at the pace needed to create meaningful job opportunities so as to lift the people out of poverty. ​

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