The announcement came after the South Africa\u2019s Cabinet met this week at the Union Buildings in Pretoria to discuss the state of South Africa. In a statement published today the cabinet outlined its discussions and made a number of major proclamations. \r\nBusinessTech reports some of these announcement will impact visa related reforms, measures to reignite the country\u2019s stagnant economy, black empowerment and a continued moratorium on job cuts.\r\nVisa related reforms\r\nCabinet also received a joint report from the Ministers of Home Affairs and Tourism respectively, on a number of visa-related reforms which will make it easier for tourists, business people and academia to come to South Africa.\r\nThe reforms include amendments to the regulations applying to foreign minors travelling to South Africa, which is expected to be gazetted in October.\r\nNegotiations on visa waivers and relaxation of visa requirements for certain countries are also being finalised. Further details will be announced this week.\r\nStimulus package\r\nCabinet deliberated and approved the proposed stimulus package which proposes measures to reignite our economy from a number of related portfolios.\r\nIt confirmed that a media briefing led by President Cyril Ramaphosa will be held on Friday (21 September) to present this package.\r\nThe economic stimulus package adopted by the nation\u2019s cabinet is aimed at boosting economic activity and confidence in sectors affected by regulatory uncertainty, president Cyril Ramaphosa\u2019s office said on Sunday.\r\n\u201cThe stimulus package will include a set of economic reforms covering mining, telecommunications, tourism and transport industries\u201d the presidency said.\r\n\u201cThe stimulus package will re-prioritise government spending, within the existing fiscal framework, toward activities that will stimulate economic activity.\u201d\r\nRetrenchments\r\nIn line with President Ramaphosa\u2019s call for a moratorium on job cuts resulting from the economic conditions in the country, Cabinet reiterates its appeal to employers that retrenchments must be a last resort, and that other available and innovative ways to contain costs be thoroughly explored to sustain jobs.\r\nPublic Service and Administration Minister Ayanda Dlodlo has previously refuted media reports that government plans to retrench 30,000 public servants to cut costs.\r\nNew legislation\r\nCabinet approved the following bills for publication for public comment:\r\nEmployment Equity Amendment Bill of 2017 \u2013 The amendments seek to strengthen the compliance mechanisms and will allow for the setting up of employment equity sector-specific numerical targets. The Minister of Labour, in consultation with the sector\u2019s stakeholders, will be able to set employment equity sector-specific numerical targets.\r\nFinancial Sector Laws Amendment Bill \u2013 The amendments seek to strengthen the curatorship provisions for banks, including mutual and cooperative banks, and certain non-banks.\u00a0 The changes will ensure that should these financial institutions experience difficulties, they can be assisted in a way that protects vulnerable depositors with minimal disruptions to the financial system and broader economy.