In his New Year’s message, President Cyril Ramaphosa reflected on the accomplishments of 2024, describing it as a year of change and progress. The President highlighted the far-reaching economic reforms initiated by the government, which are now yielding positive results
While acknowledging the progress made, Ramaphosa emphasized that much work remains to be done in 2025 to address the challenges facing South Africans. He stressed the need for the government to work with urgency and purpose to foster an inclusive economy and create jobs.
The President cited several key indicators of economic improvement, including a slowly but steadily recovering economy, increased job opportunities for South Africans, and falling inflation rates, which have made essential goods more affordable for households. Notably, South Africa achieved its first primary budget surplus in 15 years in 2024, with public sector investment rising for another consecutive year.
