The Special Cabinet meeting on the economy that was scheduled to take place in Pretoria on Friday has been postponed to take place in January after the holiday break next month, the Presidency has said in a statement.

This followed a decision taken at a Cabinet meeting on December 9 to convene a special Cabinet session on the economy to intensively discuss the impact of the global economic crisis on the domestic economy and review the Nine-Point Plan that was announced in the 2015 State of the Nation Address, ahead of the Cabinet lekgotla to be held next month.

The Nine-Point Plan sought to advance the revitalisation of the agriculture and agroprocessing value-chain; advance beneficiation; ensure more effective implementation of a higher-impact Industrial Policy Action Plan and unlock the the potential of small, medium and microsized enterprises, cooperatives, township and rural enterprises.

Government further hoped it would assist in resolving the energy shortage challenge, stabilising the labour market, scaling-up private-sector investment and growing the ocean economy.

The preparatory meeting of the economic cluster that was to take place on December 15 had also been postponed to the New Year, the Presidency said.