The formation of the Government of National Unity in South Africa contributes to the economic growth of the country, says President Cyril Ramaphosa.
"Just over 100 days have passed since the members of the Government of National Unity were sworn into office. In that time, we have witnessed a marked increase in confidence in the direction of our country…There is also rising confidence in our country’s economic growth prospects," said Ramaphosa.
The president added that in September, the Bureau of Economic Research and Rand Merchant Bank released a report on the country's economy. It said current business conditions in key sectors of the South African economy can be described as "cautious optimism." The president underscored that one of the factors that has helped improve business confidence in the country is the improved electricity supply.
A New Government of National Unity was formed in South Africa at the end of June this year. It includes ministers representing six political parties, led by the African National Congress.