国际英语资讯:S. African president unveils economic stimulus plan_时事

国际英语资讯:S. African president unveils economic stimulus plan

This will revitalize the mining industry and provide certainty to investors while charting a sustainable path towards a transformed and inclusive industry, said Ramaphosa.

Mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, Ramaphosa said.

Parliament will be requested in terms of its rules not to proceed with the Mineral and Petroleum Resources Development Act Amendment Bill, which has contributed to a lot of uncertainty in the sector, according to Ramaphosa.

The bill, which has long been delayed, has met with strong opposition from the mining industry because it requires mining companies intending to export minerals to apply for written consent from the Minister of Mineral Resources, who might apply certain conditions.

Separate legislation for the regulation of the oil and gas industry will be drafted through the government's legislative process, Ramaphosa said.

To reduce the cost of doing business, to boost exports and to make South African industry more competitive, the government has begun a review of various administered prices, starting with electricity, port and rail tariffs, Ramaphosa said.

Other measures to be implemented include expanding procurement from small business and cooperatives, as well as using trade measures - within WTO rules - to protect poultry and other sensitive sectors and a vigorous crackdown on illegal imports, according to Ramaphosa.