Message from WEF is SA and Africa are ‘open for business’: Zuma

President Jacob Zuma. Picture Credit: Gallo Images
President Jacob Zuma. Picture Credit: Gallo Images

The clear message emerging from the World Economic Forum (WEF) on Africa meeting held in Cape Town this week was that South Africa and the African continent are ideal investment destinations and that they are open for business‚ President Jacob Zuma says.

Describing the meeting as a tremendous success‚ he said it would have a positive impact on South Africa and the African continent.

He added that the South African delegation‚ which had comprised Cabinet Ministers‚ Premiers‚ Deputy Ministers‚ Metropolitans Executive Mayors‚ Brand SA Ambassadors and businesspeople‚ had managed to market the country very well.

“It has been a successful forum and it was one of the best World Economic Forum on Africa meetings. We can confidently say we are happy as South Africa because we have achieved something for ourselves. The message was clear that South Africa and the African continent are ideal investment destinations and they are open for business.

“WEF organisers and participants from across the globe have praised South Africa for the manner in which we had hosted this forum. The WEF itself has said the participants in this forum were more active and forthcoming than in any other forums and this shows that many people are interested in South Africa and they are taking South Africa as a serious global player‚” the president said.

“This meeting has also shown that the interest in Africa is also growing. The continent is now able to speak more clearly about investment‚ there is now more clarity on infrastructure projects that are awaiting investment‚”

President Zuma added.

The WEF on Africa meeting‚ which was attended by political leaders‚ businesspeople‚ youth and civil society leaders from across the globe‚ discussed very key and important issues of investment and infrastructure development in Africa.

The president said infrastructure has taken centre stage in many international forums and the forum on infrastructure development in particular received even bigger attention.

“During the forum there was a strong view that no country can develop optimally without proper infrastructure. Investors and governments are able to see that there is better coordination of infrastructure delivery and development finance institutions are coming on board and there’s political commitment by African leaders to invest more on infrastructure‚” he added.

“As South Africa‚ we will therefore have a good report at the African Union Summit which is taking place next week in Johannesburg‚ as the matter of infrastructure will be one of the topics in the summit agenda‚” President Zuma stated.

President Zuma was accompanied by a high powered delegation comprising of 13 Cabinet Ministers‚ Premiers and Mayors of Metropolitan Councils.

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