Panel discussions<\/strong><\/p>\nWith the economic recovery plan underpinned by a social compact among government, business and labour, representatives of these sectors participated in a panel discussion with the President.<\/p>\n
The Congress of South African Trade Unions (Cosatu) President, Zingiswa Losi, said her sector is interested in seeing investment yielding much-needed jobs.<\/p>\n
\u201cThe type of investment that we as labour are looking at is an investment that will be looking at key sectors such as renewable energy, the digital economy and manufacturing because what we want to see is an investment that is going to create employment,\u201d said Losi.<\/p>\n
From the perspective of business, Business Unity South Africa Vice President, Martin Kingston, agreed with the President that the implementation of the investments was key to unlocking the country\u2019s economic recovery and growth.<\/p>\n
\u201cThe last two conferences were extremely successful in mobilising investment and of course, we should not be surprised that the level of commitment has stalled as a consequence of the pandemic, so we used that time wisely as social partners.<\/p>\n
\u201cWe have listened to one another so that we can identify those things that need to be focused on and there is a need for a ruthless focus on implementation, in particular harnessing the resources of all social partners,\u201d said Kingston.<\/p>\n
Operation Vulindlela <\/strong><\/p>\nTo drive the delivery of key reforms, government established Operation Vulindlela with a dedicated team from the Presidency and National Treasury.<\/p>\n
\u201c\u2018Vulindlela\u2019 means to \u2018open the way\u2019 in isiZulu and isiXhosa. Operation Vulindlela will open the way for high-impact economic reforms in network industries such as energy, water, telecommunications and transport, as well as in attracting critical skills and streamlining the visa regime.<\/p>\n
\u201cWe will focus on a number of priority reforms with clear timeframes, and make sure they are effectively and swiftly executed. The team reports directly to me on progress in implementation,\u201d said the President.<\/p>\n
With this year\u2019s conference focused on consolidating and implementing R664 billion worth of previous investments, the President punted the need to not only focus on implementation but also look to the opportunities available for investors.<\/p>\n
\u201cWe are positioning South Africa as a leading market for global business services, leveraging our unique strengths in customer service, broadband infrastructure and expert skills.<\/p>\n
\u201cWe are rebuilding our manufacturing capacity through the establishment of Special Economic Zones and the revitalisation of industrial parks.<\/p>\n
\u201cOur mining sector has proved resilient through the worst of the pandemic and is benefiting from renewed demand for our strategic minerals,\u201d said the President.<\/p>\n
In addition, President Ramaphosa called on investors to take up the opportunity presented by the pending African Continental Free Trade Area (AfCFTA) – set to take effect in January 2021.<\/p>\n
The AfCFTA will establish a continental market of some 1.3 billion people, with a combined GDP in the region of $2.3 trillion dollars.<\/p>\n
\u201cWith its advanced infrastructure, diverse economy, sophisticated capital markets and developed manufacturing capacity, South Africa is the ideal location for any company wanting to reach the continental market with greater effectiveness from a cost and logistical point of view,\u201d said the President. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"The Economic Reconstruction and Recovery Plan will serve as South Africa\u2019s roadmap going forward, as it dusts off the debris left by the COVID-19 pandemic, President Cyril Ramaphosa told potential investors at the South Africa Investment Conference. The President outlined government\u2019s plan to revive the country\u2019s battered economy to investors at the third instalment of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-172496","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-sanews","8":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/172496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=172496"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/172496\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=172496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=172496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=172496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}