On Monday, Deputy President Paul Mashatile said that the government is committed to building an inclusive economy in South Africa.
Mashatile made this statement at the Bloomberg roundtable discussion in the United Kingdom and further emphasised that the Government of National Unity (GNU) is working around the clock to make SA’s economy more inclusive.
The deputy president is in the UK to work with leaders to help bolster trade and investment between the two nations.
“My delegation and I are here in the United Kingdom to build on the outcomes of the State Visit by President Cyril Ramaphosa in 2022, with a specific focus on how we can work together to ensure inclusive economic growth, address and respond to climate change challenges and the Just Transition, and ensure a balance and increase of trade between our two countries,” Mashatile said.
Some of the other main issues Mashatile touched on that is a priority for the GNU include addressing poverty and the high cost of living in SA and strengthening bilateral partnerships in several sectors with the UK.
Such sectors include trade, investment, skills development, science, innovation, tourism, and the Just Energy Transition.
“All of these major sectors aim to advance the GNU’s strategic priorities of achieving sustainable economic growth, alleviating poverty and the high cost of living, and developing an ethical, capable developmental State,” the deputy president said.
“Our people voted for us to collaborate to create better employment opportunities and equal economic growth in all facets of society. The GNU is the best tactical option for us to move the country ahead, putting our differences aside for the benefit of our great nation,” he added.
Investors
Mashatile also wanted to make it very clear and reassure those who have business interests in SA that the GNU is working together to create a conducive environment for businesses to strive.
“As the new government, we will continue to hold the United Kingdom in a special place in our hearts, not only due to our historical ties but also because of the immense potential for collaboration and growth that exists between our two countries.”
He argued that by fostering stronger trade and investment relationships, South Africa hopes to create a “win-win” situation for both the UK and the Republic of SA.
“South Africa is committed to reviving our economy and in this regard, we have made notable progress in terms of economic growth and development.”
“We assure the investors that investments in South Africa are secure. Our business environment is stable as is the political environment and this is supported policy certainty and regulatory safeguards,” he concluded.
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