Press Conference: A New Direction for South Africa

TL;DR

Positive outlook on South Africa's economic growth, addressing corruption and investment opportunities at the 2018 World Economic Forum.

Transcript

well good afternoon ladies yes thank you for joining us here in the room and live online my name is Oliver Kahn I work for the World Economic Forum now we're innovating this special media briefing with the deputy president Cyril Ramaphosa unfortunately the deputy president is on his way but we have this room for a finite period so we thought we wer... Read More

Key Insights

• 🇿🇦 Increased investor confidence in South Africa's growth prospects post-transition.
• ❓ Emphasis on policy certainty, infrastructure spending, and job creation for economic development.
• ❓ Commitment to combat corruption, stimulate investment, and enhance transparency.
• 🇿🇦 Positive response from investors on South Africa's economic reforms and investment opportunities.
• ❓ Focus on collaborative efforts and partnerships to implement the National Development Plan effectively.
• 🙃 Addressing challenges like corruption, dysfunctional state-owned enterprises, and regulatory frameworks to attract investment.
• 🪛 Importance of a social compact to drive economic growth and tackle unemployment.

Questions & Answers

Q: How will South Africa address corruption and ensure policy certainty to attract foreign investors?

South Africa is focusing on policy certainty, dealing decisively with corruption, and providing a transparent investment facilitation process to attract foreign investors.

Q: What measures are in place to stimulate growth and job creation in South Africa?

South Africa is prioritizing infrastructure spending, small and medium enterprises, and maintaining existing infrastructure to drive growth and create job opportunities in the country.

Q: What is the significance of the state capture inquiry and how will it impact South Africa's economic landscape?

The state capture inquiry will uncover corruption in state-owned enterprises, leading to consequences for those involved and enhancing transparency to improve investor confidence in South Africa.

Q: How will South Africa navigate the affordability of nuclear power plant construction and its impact on the economy?

South Africa will evaluate the affordability of nuclear power plant construction within its current economic context, considering excess power production and budget constraints to make informed decisions for the country's energy future.

Summary & Key Takeaways

• South African ministers discuss economic progress, focusing on policy certainty, corruption, and investment facilitation.

• Insights shared on infrastructure spending, job creation, and confidence in South Africa's growth prospects.

• Positive investor response to South Africa's commitment to reforms and transparency.