Seven South African cabinet ministers at the World Economic Forum annual summit in Davos would update global business leaders on the country’s plans to raise the level of economic growth under the National Development Plan (NDP), the ministry of finance said in a statement yesterday.
The NDP aimed to reduce the costs of living and doing business, resulting in improved consumer and business confidence, rising levels of private investment, and higher growth and employment, the ministry said.
It “provides a strong platform for collaboration among business, government, labour and civil society and the transition to a faster-growing, more inclusive economy”.
The plan promoted enhanced competitiveness, expanded infrastructure, greater spatial efficiency in growing cities and accelerated rural development. It prioritised measures to build an effective state that delivered services to citizens while encouraging business investment and growth, it added.
The attending ministers are: Yunus Carrim (Communications), Rob Davies (Trade and Industry), Pravin Gordhan (Finance), Derek Hanekom (Science and Technology), Trevor Manuel (Minister in the Presidency responsible for National Planning), Edna Molewa (Water and Environmental Affairs), and Ebrahim Patel (Economic Development). – Staff reporter