Zuma sells South Africa to the World

PRESIDENT Jacob Zuma has said sound macroeconomic policies, an effective regulatory environment, and sustained political and social stability, continue to make South Africa a candidate for even greater and faster economic growth.

PRESIDENT Jacob Zuma has said sound macroeconomic policies, an effective regulatory environment, and sustained political and social stability, continue to make South Africa a candidate for even greater and faster economic growth.

Zuma said during the World Economic Forum in Switzerland yesterday that massive investment was made possible by the judicious management of the country's finances.

Doing a hard sell on the advantages this country has for international investment (and for hosting international sporting events), Zuma: "We have built a resilient economy which has been able to survive the global economic crisis, and which is actually beginning to show signs of recovery.

"We have not been spared the job losses, but we have put plans in place, working together as business, labour and government to ensure that the recovery becomes faster and inclusive.

"We are making significant improvements in key areas of domestic policy, such as health, education as well as visible, vigorous and effective crime prevention.

"The country's transport, energy, telecommunications and social infrastructure are being upgraded and expanded. This is contributing to economic development in the midst of a global recession, while improving conditions for investment.

"It is thanks to this approach that we have been able to respond to the first recession of the democratic era without placing undue strain on our public borrowing requirements."

Zuma said that the country would continue to build on these strengths.

"We cannot think of any logistical hurdles that cannot be overcome. South Africa is truly ready for business and for football fans from around the globe."

Pressing home the sporting advantage, the president told delegates that the soccer World Cup offers an opportunity for the world to see and experience Africa in a different way.

He added: "We say boldly that South Africa is ready to welcome the world to Africa. We have worked for many years for this exciting tournament." - I-Net Bridge

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