Pretoria - President Jacob Zuma says South Africa is looking forward to a successful session in Davos-Klosters, Switzerland, where it will promote the National Development Plan (NDP) to the world.
President Zuma has arrived in Switzerland for the World Economic Forum (WEF) meeting. Over 40 heads of state and government, as well as 2 500 leaders from business and society will convene at the 45th WEF annual meeting from 21 to 24 January.
“We look forward to a successful session. We are ready to communicate our country’s successes and also to share our plans to deal with the challenges that we face,” said President Zuma.
The Presidency said South Africa will market its identified six job drivers that are designed to achieve much needed growth with decent jobs.
The six job drivers are infrastructure development, agriculture, mining and beneficiation, manufacturing, the green economy and tourism.
“Under infrastructure, energy ranks high up given the challenges that the country faces with regards to energy constraints,” said the Presidency.
South Africa will also market the new flagship project, Operation Phakisa, especially the component dealing with promoting the ocean economy.
“Areas of focus are marine transport and manufacturing activities such as coastal shipping, trans-shipment, boat building, repair and refurbishment, offshore oil and gas exploration, aquaculture and marine protection services and ocean governance,” said the Presidency.
It said the country has further enhanced the investment legislative environment through the Promotion and Protection of Investment Bill, which was concluded after extensive consultations.
“The Bill aims to update and modernise South Africa’s legal framework to protect investment and ensure that South Africa remains open to foreign investment.
“It is also designed to ensure that the country’s legal framework does not override existing legislation protecting investment.
“[It] ensures a balance between the rights and obligations of investors and of government, particularly in respect of Constitutional obligations to advance the public interest and clarifies standards of protection for investors – both foreign and domestic – by setting out provisions ordinarily found in Bilateral Investment Treaties (BITs) in a manner that is consistent with the South African Constitution and existing legal framework,” the Presidency said.
National Development Plan (NDP)
Through the NDP, South Africa aims to eliminate poverty and reduce inequality by 2030.
The Presidency said the NDP is already being implemented by all government departments, and a key goal of government is to boost economic growth to 5% by 2019, as announced by President Jacob Zuma in his State of the Nation Address (SONA) in June 2014.
“The plan shapes government’s budget allocation as we move towards 2030. Through the NDP, we also aim to position South Africa as a key destination for foreign direct investment. Key elements of the plan do not require additional resources and long lead times.
“Business has a significant role to play in the success of the NDP. It is crucial for business and government to work together to drive competitiveness and promote long-term growth, as well as the creation of jobs,” said President Zuma. - SAnews.gov.za
