{"id":91116,"date":"2025-10-06T16:16:13","date_gmt":"2025-10-06T16:16:13","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan"},"modified":"2025-10-06T17:07:40","modified_gmt":"2025-10-06T17:07:40","slug":"luthuli-house-unveils-10-point-economic-recovery-plan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan","title":{"rendered":"Luthuli House Unveils 10-Point Economic Recovery Plan"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>Diversifying trade partners, freight and logistics recovery and the rebuilding of the country\u2019s chrome and manganese industries. This is how the ANC plans to change the economic trajectory of the country.<\/p>\n<p>The bold 10-point economic recovery plan was deliberated on at the weekend at a special meeting of Luthuli House\u2019s national executive committee.<\/p>\n<p>President Cyril Ramaphosa hailed it as a signal of the urgency and intent harboured by Luthuli House to rapidly address the current economic emergency.<\/p>\n<p>The ANC\u2019s highest decision-making body has declared it will search for new trade parters as a crucial element of its plan to save the ailing economy, which has shown little to no growth in recent times.<\/p>\n<p>This comes on the back of heightened tensions with one of the country\u2019s largest trading partners, the US, and recent tariff hikes it imposed, which has placed trade relations in a precarious position.<\/p>\n<p>Ramaphosa said the search for new trade deals and partners should be accelerated, while also strengthening participation in the African Continental Free Trade Area and addressing the impact of tariff and non-tariff barriers.<\/p>\n<p>\u201cFundamental to the success of these efforts is sound institutional governance. Professionalisation and merit-based appointments are going to be non-negotiable. This will include an emergency industrial support package for sectors affected by increased tariffs. We will expand exports under the African Continental Free Trade Area and exports to Brics countries and other markets where we will be paying visits in due course.\u201d<\/p>\n<p>The president said their next move will be to bolster the recovery of the country\u2019s freight and logistics sector \u2014 particularly Transnet\u2019s recovery plan \u2014 by increasing private sector participation in rail and port operations and upgrading export corridors.<\/p>\n<p>Following which, Luthuli House has set its sights on rebuilding the country\u2019s chrome and manganese industries.<\/p>\n<p>Ramaphosa vowed to finalise chrome and manganese export tariffs, implement defensive duties on dumped imports and expand alloys and battery precursor production.<\/p>\n<p>The next intervention aims to use electricity tariffs for investment in transmission by establishing infrastructure in townships, rural areas and small towns to drive economic activity, economic development and municipal local technical units.<\/p>\n<p>If implemented as planned, it will see the integration of local economic activity in the district development model, further linking local infrastructure to industrial policy.<\/p>\n<p>\u201cIn addition to new transmission lines for our electricity, among other things, this means preferential electricity tariffs for ferrochrome, manganese and steel. We will fast-track the Transmission Development Plan to install 14,500km of grid,\u201d Ramaphosa said.<\/p>\n<p>He revealed that the NEC also resolved that the fourth intervention must be to enhance the state\u2019s capacity to manage major projects.<\/p>\n<p>\u201cThis is to address infrastructure delays due to weak capacity and fragmented co-ordination in making projects bankable and reaching the stage of completion. We will professionalise the project management cadre, establish a cross-government co-ordination unit and ringfence catalytic projects,\u201d he said.<\/p>\n<p>The ANC NEC highlighted the driving of local economic development and infrastructure as their fifth task, from which the party says they will also target labour activation initiatives and public employment.<\/p>\n<p>\u201cThis requires a massive scale-up of the Presidential Employment Stimulus and other public employment programmes. Importantly, it will include reskilling for industrial sectors and expanding artisan and apprenticeship pipelines.\u201d<\/p>\n<p>The president said the NEC agreed on expanding support to small, medium and micro enterprises through investment by development finance institutions.<\/p>\n<p>\u201cIn particular, concessional finance and market access for SMMEs should be expanded. Development finance institutions will be transformed into catalytic investors.\u201d<\/p>\n<p>The eighth intervention sought by the NEC is to enable the growth of provincial economies outside the main economic centres.<\/p>\n<p>Ramaphosa explained that this would include the revitalisation of industrial parks with localisation targets, aligning these with special economic zones and corridor planning. The focus will be on labour-absorptive sectors, such as agro-processing, light manufacturing, cannabis and textiles.<\/p>\n<p>Lastly, the NEC resolved to focus on effective budgeting and macroeconomic co-ordination.<\/p>\n<p>\u201cWe will develop a sustainable budget negotiation strategy in the context of the government of national unity [GNU]. We will align fiscal, monetary, trade and industrial policy, and mobilise development finance institutions and pension funds for productive investment. In the course of this, we will craft innovative financing mechanisms and processes that will enable us to fund the key catalytic infrastructure projects.\u201d<\/p>\n<p>This element comes in as a crucial intervention coming from a disastrous budgeting process, which almost saw the collapse of the governing coalition earlier this year. The contentious budget priority differences and political party ideological leanings saw the finance minister presenting budgets that partners were not happy with, which were eventually passed on the third attempt.<\/p>\n<p>However, the president and his cohort believe that these 10 interventions align with and support the work under way in all spheres of government.<\/p>\n<p>The ANC will have the task of convincing its coalition partners in the GNU to back their vision and adopt these interventions as part of the government policy and programme.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Diversifying trade partners, freight and logistics recovery and the rebuilding of the country\u2019s chrome and manganese industries. This is how the ANC plans to change the economic trajectory of the country. The bold 10-point economic recovery plan was deliberated on at the weekend at a special meeting of Luthuli House\u2019s national executive [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":91115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[275],"class_list":["post-91116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Luthuli House Unveils 10-Point Economic Recovery Plan - South Africa<\/title>\n<meta name=\"description\" content=\"Diversifying trade partners, freight and logistics recovery and the rebuilding of the country\u2019s chrome and manganese ind ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luthuli House Unveils 10-Point Economic Recovery Plan\" \/>\n<meta property=\"og:description\" content=\"Diversifying trade partners, freight and logistics recovery and the rebuilding of the country\u2019s chrome and manganese ind ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-06T16:16:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-06T17:07:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1759757675.227779.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Luthuli House Unveils 10-Point Economic Recovery Plan\",\"datePublished\":\"2025-10-06T16:16:13+00:00\",\"dateModified\":\"2025-10-06T17:07:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan\"},\"wordCount\":843,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1759757675.227779.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luthuli-house-unveils-10-point-economic-recovery-plan\",\"name\":\"Luthuli House Unveils 10-Point Economic Recovery Plan - 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