President Jacob Zuma
Photo by: Duane Daws
South Africa was open for more investment and the country offered investment opportunities that no “wise” businessperson should miss, President Jacob Zuma told captains of commerce and industry during the yearly Business Interaction Group meeting on the sidelines of the World Economic Forum (WEF), in Davos, Switzerland, this week.
Zuma said load shedding was a “passing phase” and that government had “good plans” to ensure a sustainable energy mix, that would include coal, nuclear, shale gas, solar and wind energy generation, was implemented.
“We have a stable democracy with checks and balances, we have good systems in place, both politically and economically, and we have various projects and programmes that [will require] investments and partnerships," he added.
The President outlined successes and challenges, and mentioned key interventions to boost the economy and inclusive growth such as infrastructure development.
“We have a massive infrastructure development programme so that we can expand our infrastructure for economic development and also to improve people’s lives,” he stated.
The President also briefed the meeting on interventions to stabilise the mining sector and said the collaboration between government, business and labour, was yielding positive results in the mining sector.