Economic Recovery Plan to Put South Africa on Stable Footing?

South African President Cyril Ramaphosa has announced a U.S.$3.4 billion stimulus package to offset the recent decline in the country's economic performance and will include major plans for the manufacturing, infrastructure, agriculture and tourism sectors. Upgrades to state hospitals and schools' sanitation facilities are also planned.

Photo: GCIS

President Ramaphosa addressing the Council on Foreign Relations meeting, at the Council offices in New York. The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand the world and the foreign policy choices facing the United States and other countries.

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