Addressing the country’s National Assembly on Tuesday, Ramaphosa said The Presidency serves as the centre of government coordination, ensuring that national priorities are translated into measurable outcomes.
Ramaphosa said the institution’s focus remains on driving inclusive economic growth, reducing poverty and building a capable, ethical and developmental state.
Ramaphosa pointed to signs of economic improvement, including stronger tax revenues, stabilising public debt and improved investor confidence. Ramaphosa noted that ratings agency Moody’s recently upgraded SA’s outlook from stable to positive, following an upgrade by S&P six months earlier.
According to Ramaphosa, the sixth SA Investment Conference secured investment pledges exceeding $49 billion across various sectors of the economy, with a significant share coming from domestic investors.
Ramaphosa said his government has embarked on the largest infrastructure programme in the country’s history, with approximately $55 billion set to be invested over the next three years in roads, dams, schools, hospitals, clinics, energy, logistics and transport infrastructure.
Ramaphosa also highlighted progress in addressing energy challenges, noting that SA has recorded more than a year without loadshedding through the work of the National Energy Crisis Committee, Eskom and social partners.
Agriculture and tourism were identified as key growth sectors. Ramaphosa said agricultural export earnings increased by 11% during the first quarter of 2026 compared with the same period a year earlier, while international tourist arrivals reached a record 10.5 million visitors in 2025.
Despite these gains, Ramaphosa warned that rising global tensions, including the conflict involving Iran, Israel and the United States, could slow economic growth through higher oil and fertiliser prices.
Ramaphosa also reaffirmed the government’s commitment to fighting corruption and crime. Ramaphosa said more than 80% of the recommendations arising from the State Capture Commission are complete, substantially complete or on track, while recoveries linked to corruption investigations have exceeded $940 million.
Ramaphosa further announced continued efforts to address youth unemployment, strengthen local government, combat gender-based violence and improve water service delivery through the National Water Crisis Committee.
The President called on South Africans to participate in the next phase of the National Dialogue process, with pilot engagements scheduled between June and August 2026.
Ramaphosa said government remains focused on implementing reforms that promote economic growth, create jobs and improve the quality of life for all South Africans.
–ChannelAfrica–
