12 February 2016

South Africa: Investing in Infrastructure Will Save Economy - Zuma

President Jacob Zuma has said a greater investment in the country's infrastructure would assist it during tough economic times.

Zuma was speaking at the post State of the Nation (SONA) discussion at the The New Age Business brief held outside Cape Town.

The number one citizen lamented the state of South Africa's economy, saying it had not fully recovered from the 2008 global economic meltdown.

"Some countries have recovered, particularly the United States. But if you look closely, other places like Europe struggled and are only now doing better. The slowness of the recovery has impacted us also."

Zuma added that developments in 2010 showed that jobs could increase if infrastructure was a focus.

"This is something that is going to benefit workers and organised labour also. I believe the increase in infrastructure proved it can do something. We have fought for South Africa to grow its economic focus on infrastructure and energy.

"Therefore we are saying - let us identify key things to invest in. We need to find things to do together with the private sector. This is the South Africa that needs to develop."

Zuma added that government had made good progress with its nine point-plan and encouraged people to understand the impact of a struggling economy.

"There needs to be interaction, with all of us talking together. We are saying we must not look at our problems as the end of everything, but [rather] help us innovative and move forward."

Source: News24

South Africa

Governments Are Closing Down Space for Civil Society - Jay Naidoo

Currently a political and social activist, Jay Naidoo was a pioneering trade unionist who fought apartheid in South… Read more »

Copyright © 2016 News24Wire. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.