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 SouthAfrica.info (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".

Comments

comments

You might also like…

waziri-adio

Waziri Adio: Recession as Opportunity for Reversing Resource Curse

 And, sadly, it came to pass. It is well predicted that most countries blessed with natural resources, even in the best of times, perform worse economically than countries not so endowed; and that, when times are tough, countries that are dependent on natural resources come to an assured grief. There is a popular name for […]

Buhari

To Sell Or Not To Sell? Nigeria’s Government Weighs Decision Over National Assets

 Nigeria Minister of Budgets and National Planning, Udo Udoma, has disclosed that Nigeria has no plans to sell national assets as a panacea for the current economic recession ravaging the country. Udoma made this disclosure ahead of the upcoming Nigeria Economic Summit. Some Nigeria including Africa’s richest man Aliko Dangote and President of the Senate, […]

Solar Power

Japanese Government Donates Solar Power Worth $9.7 Million To Nigeria

 The Japanese government has donated solar power worth $9.7 million to the Federal government to boost electricity in the country. The donation was made through its agency, Japan International Cooperation Agency (JICA) Chief Representative of JICA, Nigeria office, Mr Hirotaka Nakamura, said improving core infrastructure including power sector in Nigeria was one of the priority […]

Leave a Reply

Your email address will not be published.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