Economy, Politics, Topnews
20. February 2017
Minister Urges Investors to Look South
The Minister in The Presidency responsible for Planning, Monitoring and Evaluation, Jeff Radebe, has urged investors to partner with government and invest in the country, saying South Africa is a stable country.
The Minister said this on the sidelines of the Invest in Africa Conference in Bishopscourt, in Cape Town, recently.
Invest Africa was founded in 2013 as a platform for business leaders, investors and entrepreneurs to gain insight and exposure to information and opportunities from Africa.
“The National Development Plan (NDP) is properly anchored in South Africa and builds on a notion of a public - private partnership. Government alone cannot be able to succeed without the private sector and all the important stakeholders of our country.
“The NDP has been approved and endorsed by our govern ment, but more importantly, the private sector itself.
“We invite you all as investors to join us in this journey to help build a South Africa that is united, a South Africa that is stronger but more importantly, a South Africa that is prosperous. South Africa is open for business, for partnership, for development, for common prosperity of all,” he said.
The Minister said while South Africa was faced with a sluggish economy that was hit by domestic issues like drought, as well as global events like the dr
op in commodity prices, the country was turning the corner.
“You may like to know why we like you as investors to come to South Africa.“
Firstly, you may be aware of the sluggish economic growth that we are facing with the projected 1,3% growth in 2017.
“But as the South African Government, we are deeply committed to do the right things – to support investment and confidence. This will ensure that our economic recovery is more rapid. The infrastructure investment – mainly in energy, transport and telecommunications – is going to be accelerated going forward.
“Our message to you this evening as investors is that we are a stable country
with stable and sustainable public finances; the reforms that we are doing in the economy, all those are anchored around our plan for this Vision 2030,” he said.
The Minister said the NDP was one of those blueprints that could be able to propel us to the South Africa that we desired by the year 2030. He said partnerships that had been forged between government and the private sector had seen an influx of investments in key regions in the country, including investments in natural gas in Richards Bay in KwaZulu - Natal, and in Coega
in the Eastern Cape, among others.
Minister Radebe later interacted with a network of decision - makers at top global organisations, fund managers, private investors, family offices, entrepreneurs and policy - makers all with a common interest in Africa.
Mark Simmonds, the Chairperson of the Invest Africa Advisory Board, who is also an ex United Kingdom Minister for Africa, said the Minister’s comments about investment prospects in the country were very encouraging.
“It is very encouraging hearing the appetite to facilitate greater inward investment – both here in South Africa but also on the rest of the continent.
“There is no question in my mind that the future is attracting the private sector to help create jobs for Africans,” he said.
Source: SAnews.gov.za
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