THE OFFICIAL ANC NEWSPAPER

ANC happy with provincial economic growth

The African National Congress (ANC) in Bokone Bophirima expressed happiness with the steady economic growth that the province is currently experiencing under the leadership of Premier Supra Mahumapelo.
Despite the slow economic growth that the country is currently going through, Bokone Bophirima’s economy is experiencing positive growth. The Premier mentioned this in his State of the Province Address (SOPA) delivered at Marikana Community Hall last Friday. 
ANC provincial spokesperson, Gerald Modise, told Mogolodi that this is a sign that the province is under the correct leadership. 
“As the ANC in Bokone Bophirima we are satisfied with the economic growth of the province as pronounced by Premier Supra Mahumapelo during his State of the Province Address (SOPA) last Friday in Marikana.
“We are pleased by the work which is being done by the 5th Administration in making sure that our economic pillars such as Agriculture, Culture and Tourism (ACT) play a pivotal role in this growth. This is a clear sign that the ANC-led government is working hard for the people as stated in the National Development Plan (NDP) Vision 2030. The province is indeed contributing to the country’s Gross Domestic Product (GDP) and working towards alleviating the three challenges of unemployment, inequality and poverty,” Modise said. 
In his 2018 SOPA, Premier Mahumapelo said he is happy to see the rate at which the province’s economy is growing.
“Our provincial economic growth rate is now moving in the right direction and I am pleased to report that our economy grew by 3.4% during the first quarter of 2017, followed by another 4.9% for the second quarter and another 4.3% for the third quarter.
“During the same period, the national economy grew by -0.6% for the first quarter, 2.8% for the second quarter and 2% for the third quarter. We are cautiously awaiting the fourth quarter results in a few weeks from now. I am optimistic that they will not disappoint us,” said Mahumapelo.
The Premier - who is also ANC Bokone Bophirima Provincial Chairperson - said the steady economic growth rate was as a result of mechanisms the fifth administration that’s been leading government since the middle of 2014 had developed to combat unemployment, poverty and inequality. He said when left unattended, these three factors have a negative effect on the provincial economic growth rate.
Bokone Bophirima’s provincial government is also working hard to ensure that public funds are spent well.
There has been a drastic reduction in the amount of government funds that have been spent without being accounted for.
 
Mahumapelo said fruitless expenditure stood at R10, 8 billion in the year 2014, but it currently stands at around R2 billion. 
 
“In 2014 fruitless and wasteful expenditure stood at R10, 78 billion. I am happy to announce that the Provincial Advisory Committee (PACO) for irregular and fruitless expenditure has engaged with all departments with regard to irregular expenditure and to date an estimated amount of R2 billion has been submitted to National Treasury for consideration and condonement.
 
“These efforts will be sustained in the 2018/19 financial year and in a collaborative approach, the province has engaged the Auditor General to reduce all incidents of disagreement during the audit process,” said Mahumapelo in his annual speech. 
 
The province has also improved in terms of paying service providers on time.
 
“In 2014 provincial departments’ average adherence to payment of suppliers within the regulated 30 days stood at 80%. In the last three months of the 2017/18 Financial Year, provincial departments recorded 90% with five departments achieving over 95% performance by paying suppliers within 21 days,” the Premier said.