Economic Reconstruction and Recovery Plan
President Cyril Ramaphosa communicated our determination as a country in responding to the Covid-19 crisis when he said: “We are determined not merely to return our economy to where it was before the coronavirus, but to forge a new economy in a new global reality.”
The Economic Reconstruction and Recovery Plan (ERRP) is a government initiative which aims to build a new economy and unleash South Africa’s true potential. The South African Economic Reconstruction and Recovery Plan has three phases: Engage and Preserve – which includes a comprehensive health response to save lives and curb the spread of the pandemic; Recovery and Reform – which includes interventions to restore the economy while controlling the health risks; and lastly, Reconstruct and Transform – which entails building a sustainable, resilient and inclusive economy.
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