PRETORIA, South Africa (BG) — South Africa has intensified its economic reform efforts to stimulate growth in 2025, focusing on critical sectors like energy, transport, and youth employment.

The presidency said in a statement Thursday that the Government-Business Partnership is accelerating efforts to boost the economy through fast-tracked reforms and operational improvements.

President Cyril Ramaphosa met with ministers and senior business leaders Jan. 16, 2025, to reaffirm the partnership’s commitment to significantly growing South Africa’s economy.

The presidency said the focus for the year is on advancing reforms in energy, transport and logistics, crime and corruption, and youth employment.

Highlighting progress, the presidency cited the successful reduction of load-shedding as a key achievement of Phase 1.

The enactment of the Electricity Regulation Amendment Act and the release of the Transnet Network Statement in December were acknowledged as major policy milestones to strengthen infrastructure.

Driving Toward 3% Growth, Positioning for Global Leadership

“As we begin what promises to be a momentous year, there is much progress to build on. We know that to achieve a goal of 3% economic growth will require an extraordinary effort, not just from this partnership but from all stakeholders and all South Africans,” Ramaphosa was quoted as saying in the presidency’s statement.

“This means we have to remain focused and purpose-driven and accelerate implementation,” he added.

The Government-Business Partnership believes fully implementing these reforms—alongside ongoing initiatives under Operation Vulindlela—could raise GDP growth above 3%, a crucial threshold for reducing unemployment and driving inclusive growth.

Recognizing the need for significant investment to sustain this momentum, the partners emphasized intensifying efforts to deliver on their ambitious goals.

The partnership operates on clear principles, strong governance, and a defined division of roles between government and business, all underpinned by a results-driven approach.

As the host nation for the upcoming G20 and B20 summits, South Africa is set to showcase this public-private partnership as a model for global collaboration.

This platform offers a chance to demonstrate how business expertise and resources can effectively support government policies and reforms critical for economic growth.

“Together we are moving ever closer to the promise of a thriving and inclusive economy that meets the needs of all our people,” Ramaphosa said.

The year ahead presents a crucial opportunity for South Africa to reshape its economic narrative, attract investment, and drive job creation—a challenge the Government-Business Partnership is determined to meet head-on.