Ramaphosa hails equity equivalence as key to inclusive economic transformation [SOUND]

# President Cyril Ramaphosa has emphasised government’s commitment to inclusive economic growth and transformation. Addressing the National Council of Provinces, Ramaphosa highlighted the equity equivalent programme as an innovative solution for foreign-owned companies unable to meet local ownership targets. Ramaphosa said the model allows global firms to contribute meaningfully to transformation and redress. He warned that transformation is non-negotiable and essential for national progress: