PICTURES: Zuma arrives for World Economic Forum

By Drum Digital
20 January 2015

President Jacob Zuma on Tuesday arrived in Davos-Klosters, Switzerland for the World Economic Forum (WEF) meeting.

President Jacob Zuma on Tuesday arrived in Davos-Klosters, Switzerland for the World Economic Forum (WEF) meeting, the presidency said.

"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,'' Zuma said in a statement.

South Africa will promote the national development plan (NDP), at the WEF meeting.

Zuma said that key elements of the NDP did not require additional resources and long lead times.

He said that business had a "significant role" to play in the success of the NDP.

"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," Zuma said in a statement.

"It is crucial for business and the Government to work together to drive competitiveness and promote long-term growth, as well as the creation of jobs."

The presidency said that through the NDP South Africa aimed to eliminate poverty and reduce inequality by 2030.

The NDP was already being implemented by all government departments, said the presidency.

A key goal of government is to boost economic growth to five percent by 2019.

"South Africa will promote this fundamental trait, our ability to turn our backs on the apartheid past and to build a new society, which has been the reason for the current success of the country," said Zuma.

"Many of the development partners at the World Economic Forum, especially global business, are key to the achievement of our goals of moving our country forward towards inclusive growth, jobs and a better life for all."

Zuma said South Africa would reflect on the achievements made with regards to the implementation of the Freedom Charter.

South Africa would market its identified six job drivers that are designed to achieve much needed growth with decent jobs.

These are infrastructure development, agriculture, mining and beneficiation, manufacturing, the Green Economy and tourism.

The presidency said that South Africa would also market the new project, Operation Phakisa, especially the component dealing with promoting the ocean economy.

-SAPA

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