South Africa’s President Reassures Investors

South Africa’s President Reassures Investors

South Africa's investor and local business confidence has been solidified by President Jacob Zuma's re-election and Cyril Ramaphosa's appointment as his deputy at the African National Congress' elective conference in Mangaung in the Free State, Brand South Africa chairperson Chichi Maponya said on Tuesday.

"It creates a better sense of certainty and continuity," Maponya said in a statement.

"Brand South Africa is confident that the return of Jacob Zuma to the helm of the ANC’s bodes well for the country’s future", the organisation said.

"It is also pleasing to see the return of businessman Cyril Ramaphosa, who as Zuma’s deputy, will help solidify the ANC presidency and improve investor and local business confidence," Maponya said.

In his report, Zuma reiterated the government’s commitment to five priorities areas – education, health, rural development and land reform, the fight against crime and job creation.

He described the launch of the National Planning Commission this year as a major achievement for the government.

The plan was a "comprehensive" response for tackling "problems of poverty, inequality and unemployment, infrastructure, education and skills development, small business development, education and the national health insurance", Zuma said.

Maponya said she looked forward to the outcome of deliberations at the conference, and hoped that South Africa’s socio-development agenda would be enhanced further.

She was pleased that although an estimated 30 000 people are currently in Mangaung, the elective conference was largely peaceful and orderly.

"Robust debates and the contestations that characterised the conference is yet another sign that South Africa’s democracy is resilient and maturing. As Brand South Africa we look forward to an acceleration of policy implementation," she said.


via (Johannesburg)

South Africa’s President Reassures Investors

President Jacob Zuma sought to dispel the concerns of rating agencies and investors about sluggish growth in South Africa, insisting the country was not "falling apart".



You might also like…

Olaoluwa Rasheed is the CEO of Nigeria's Bank of Industry, supporting SMEs with loans

Ahmed Williams: The Travails of Small and Medium Enterprise Ownership in Nigeria

 A recent World Bank Ease of Doing Business Index showcased how frustrating it is to own and operate a small and medium enterprise business in Nigeria in the 2015 Doing Business Index. The relative link between SME’s, economic growth and poverty alleviation cannot be overstated with regards to enhancing a robust economy. Thus, one important […]

Chofor Che is a columnist with African Liberty

Chofor Che: Primary education without government coercion; The case of Cameroon

 On Thursday the 20th of August 2015, the government of Cameroon closed down over 250 so called clandestine primary schools. This government measure also included the closing down of some Muslim religious institutions which the government claimed were operating without authorization.   According to a report by Africa 24 aired on television on Sunday the 23rd […]


Nigeria’s Advancing Communications Technology And Lessons For Government – Japheth J, Omojuwa

 People talk about how this government has lost the media war; they often do not tell us why this is the case. It has always been the job of the media to be critical of the government of the day by default. What the government does in reaction often determines whether the criticisms are sustained […]

Leave a Reply

Your email address will not be published. Required fields are marked *