Overview

• President Cyril Ramaphosa called the economy an emergency and announced preferential electricity tariffs for ferrochrome, manganese and steel to spur investment.
• The plan accelerates Transnet’s recovery by expanding private participation in rail and ports and by upgrading export corridors.
• Trade measures include finalising export tariffs on chrome and manganese, imposing defensive duties on dumped imports, and expanding alloys and battery precursor production.
• The NEC committed to expanded concessional finance and market access for SMMEs while transforming development finance institutions into catalytic investors for infrastructure and industry.
• Implementation hinges on budget coordination within the Government of National Unity and innovative financing using DFIs and pension funds, underpinned by professionalisation and a reaffirmed BBBEE commitment.