Connect with us

Foreign

Ramaphosa to position S.Africa as destination of choice for investors at WEF Africa

Published

on

(Xinhua/) President Cyril Ramaphosa on Friday said that he would position South Africa as a destination of choice for investors at the upcoming World Economic Forum on Africa (WEF Africa).

The meeting, scheduled for Sept. 4 to Sept. 6 in Cape Town, will allow South Africa to profile investment opportunities in diverse economic sectors, Ramaphosa said.

“South Africa is once again honoured to host this globally important gathering and we look forward to learning from partners and counterparts how best to achieve inclusive and sustainable growth.

“Inclusive and sustainable growth will creates employment and enables us to improve the living conditions of all South Africans,” he said.

Now more than ever, South Africa needs to create opportunities that will empower young people, Ramaphosa said.

The meeting, he said, will allow South Africa to showcase the broad range of programmes it has put in place and actions it has taken to reduce poverty, unemployment and inequality.

The South African delegation will further highlight that South Africa, which has prudent macroeconomic policies, is restructuring its state-owned enterprises to position them to grow the economy.

Also the country is striving to improve its competitiveness through a commitment to creating an enabling environment for trade and investment, according to Ramaphosa.

South Africa, he said, wants to show the world that it remains committed to innovations and technologies that will advance the country and the African continent into the fourth industrial revolution (4IR).

South Africa will also learn from countries that have excelled in using technology and the 4IR to advance their economies, Ramaphosa said.

Held under the theme “Shaping Inclusive Growth and Shared Futures in the 4IR,” WEF Africa will be attended by delegates from the continent and beyond.

The meeting will be a platform for South Africa to profile the ways in which the country will embraced the opportunities presented by the 4IR and has begun to prepare for challenges arising from the interplay between technology and people, Ramaphosa said.

A wide range of issues will be discussed at the meeting, including the future of state-owned enterprises, infrastructure, promoting female leadership, investing in mental health and achieving universal health coverage.

Others are Africa’s climate change challenges, fighting financial crime, trade, education, energy, building Africa’s digital economy, inclusive growth and re-skilling workers for the 4IR. (Xinhua/)

FAT/AFA

 

Nnn: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Fraud: Umahi orders recovery of over N120m from FADAMA III coordinator NSE: Market indicators record marginal growth, up 0.06% 14 persons docked over alleged cultism in Benue NASS Commission approves retirement of Clerk, 149 others Senegal, IOC agree to postpone Youth Olympics Dakar 2022 to 2026 Borno Govt. disburses interest-free loan to 15,861 members of trade unions, associations Court restrains BPE, NERC others from selling Jos Disco’s shares Coronavirus:FRSC sensitises traders, commercial drivers on danger of overloading in Ekiti Coronavirus: Imo taskforce partners assembly to contain spread Ibarapa Zone wants indigene appointed as Oyo college rector WTO begins second phase of selection of its DG Ex-PPMC MD, used wife to launder agency’s $700m, witness alleges in court United States warns world telecom industry against Huawei Senate passes bills for City University of Tech Auchi, Edo, Afreximbank disburses $3.55bn to Egyptian Banking sector Edo govt. decries rising cases of drug abuse by females 19 ships with petroleum products, other items arrive Lagos port Alleged forgery: Court issues bench warrant against surety of 2 Sri Lankans Rep Humpe reiterates FG’s commitment to reconstruction of Lagos-Badagry Bello mourns death of combat helicopter pilot, Arotile Coronavirus: NLNG donates medical equipment to Bayelsa Govt. Dangote Cement to produce 1,000 millionaires in Season 2 Promo NAN Ag. MD congratulates new NCPC ES Edo poll: AA, LP, ADC substitute candidates Coronavirus: VC advises staggered resumption of schools Magu’s probe re-affairms Buhari’s zero tolerance to corruption – Prof. Onuoha Badagry chamber partners Ojo LG on trade promotion, youth empowerment APC Governors endorse Okonjo-Iweala for World Trade Organisation D-G Defence minister mourns NAF first female combat helicopter pilot, Tolulope Arotile Recruitment: Police in Kaduna, warn applicants over activities of fraudsters Seek knowledge, skills for Nigeria to get out of current economic challenges- Minister Reps C’ttee mourns Nigeria’s first female combat pilot, Tolulope Arotile Niger SDGs  trains 500 youths on Briquettes and borehole repairs Senate approves N168.8bn 2020 budget for FIRS Afreximbank disburses $3.55bn to cushion Coronavirus impact in Egypt Gbajabiamila inaugurates ad hoc committee for to relocation of oil tank farms in residential areas Coronavirus: Chinese First Lady donates Medical equipment to Nigeria’s First lady Man, 53, docked over alleged unlawful possession of firearm, ammunition Sex-for-Grade: Over 26,300 sign petition to House of Reps for concurrence to Bill Court adjourns trial of alleged Taraba kidnap kingpin, Wadume until Oct. 13 Aisha Buhari urges Nigerians to support less privileged Edo Guber: NRM prays court to disqualify Ize-Iyamu as APC candidate Enugu State Govt. urges mothers to immunise their children against killer diseases Boy, 9, drowns in well in Kano Oyi residents laud Obiano over road project abandoned 28 years ago Fayemi tasks monarchs on rapid development of their communities Okebukola bags Pillar of E-Learning in Africa Kaduna records 15,842 new cases of malnutrition, treats 11,328 in 6 months Oyo lawmaker urges resuscitation of bursary, scholarship to students in tertiary institutions Coronavirus: Sokoto Govt receives 92 repatriated Almajiri pupils – Official