This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/world/africa/8080792.stm
The article has changed 9 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Zuma promises half a million jobs | Zuma promises half a million jobs |
(30 minutes later) | |
New South African President Jacob Zuma has promised to create half a million jobs this year in his first state of the nation address. | New South African President Jacob Zuma has promised to create half a million jobs this year in his first state of the nation address. |
He said fighting poverty was his priority, a week after South Africa officially announced it was facing its worst recession in 17 years. | He said fighting poverty was his priority, a week after South Africa officially announced it was facing its worst recession in 17 years. |
"We must act now to minimise the impact of this downturn on those most vulnerable," he said in Cape Town. | "We must act now to minimise the impact of this downturn on those most vulnerable," he said in Cape Town. |
But he also told parliament the government had to spend wisely. | But he also told parliament the government had to spend wisely. |
Mr Zuma's trade union allies are demanding more spending and deeper interest rate cuts, but the president is also wary of scaring off investors, say analysts. | Mr Zuma's trade union allies are demanding more spending and deeper interest rate cuts, but the president is also wary of scaring off investors, say analysts. |
We will have to act prudently - no wastage, no rollovers of funds - every cent must be spent wisely and fruitfully President Jacob Zuma Jacob Zuma's challenges | |
"Between now and December 2009, we plan to create about 500,000 job opportunities," he told MPs. | "Between now and December 2009, we plan to create about 500,000 job opportunities," he told MPs. |
He said a 787bn rand ($98bn; £60bn) spending programme announced in this year's budget - and including funds for schools, transport, housing and sanitation - must be properly planned. | |
"In the face of the economic downturn, we will have to act prudently - no wastage, no rollovers of funds - every cent must be spent wisely and fruitfully," he said. | |
Analysts say Mr Zuma needs to ensure he does not alienate investors ahead of the football World Cup being hosted by South Africa in 2010. | |
Anti-apartheid icon Nelson Mandela is among those attending the speech at parliament. | Anti-apartheid icon Nelson Mandela is among those attending the speech at parliament. |