📌President Jacob Zuma
When He assumed office in 2009 South Africa’s Economy fell by over -2.5% due to the Financial Crisis
In 2010 SA’s GDP rebounded by a 3% Growth, interest rate from 15% in 2008 to 7% in 2013 and made Policies such as 51% Black Coal Supply at Eskom #ZumaDay
When He assumed office in 2009 South Africa’s Economy fell by over -2.5% due to the Financial Crisis
In 2010 SA’s GDP rebounded by a 3% Growth, interest rate from 15% in 2008 to 7% in 2013 and made Policies such as 51% Black Coal Supply at Eskom #ZumaDay
In 2014 Zuma established Special Economic Zones (SEZ) through attracted Foreing Direct Investments. SEZ gives 15% Tax Incentives (tax relief) for Businesses on SEZ. Also give Tax Allowance to Fund Businesses with Capital and Training it’s Staff called 12I Tax Allowance and more.
In 2015 as part of Transforming the Agricultural Sector, Zuma launched Agri-Parks Program which created 146,000 Agro-Process Jobs for Black Small Holder Farmers in SMMEs. This Program gave Farmers 70% Ownership of the wealth created and traded in mainstream Agricultural Sector.
Between 2013 to 2018, Government spent R1 Trillion on Infrastructure across South Africa under the banner of Infrastructure and Industrial Financing Policy made in 2013 by President Zuma. IDC spent R45 Billion in equity and loans, adding Jobs in Manufacturing, Green Economy etc
Within 9 Months (April 2013 to December 2013) IDC Funding Approved Funding of approximately R9 Billion which resulted in effective support of 9,110 Jobs both saved from being lost and newly created.
Government between April 2013 to December 2013, released R6.2 Billion Investment and created over 1500 Jobs through the Banner of 22 Automative Investment Scheme (AIS) Projects. Mercedes Benz SA announced R5 Billion Investment which resulted in 100,000 Local Output and 900 Jobs.
This is to inform on some of the work President Jacob Zuma and his Cabinet done. This is to inform on some of the achievements Zuma initiated as the Media focuses more on Corruption over Policies done which No Court has proven till today and we all await to see evidence one day.
