South Africa: Breaking - Nedlac Economic Recovery Plan Pivots On Public Jobs, Broadband and Big Competition for Eskom

analysis

The country's economic recovery action plan focuses on mass public jobs scheme, a broadband spectrum auction by March 2021 and big competition for Eskom. Government, business and labour haven't come up with a single social contract but have kept to their own plans and instead agreed on priorities at Nedlac.

Facing a sovereign debt trap and the possibility of a real unemployment rate of 50%, the government and its partners in business, civil society and labour have agreed on an "action plan" to rescue the economy.

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