'South Africa remains most diverse economy in Africa'
“South Africa remains the most diverse economy on the continent – providing a supportive regulatory framework, a well-developed infrastructure network,
a world class financial hub and world class services for business opportunities,” Minister in the Presidency Jeff Radebe said.
Ahead of the World Economic Forum (WEF) on Africa, Minister Radebe said South Africa continues to make strides in improving the ease of doing business.
“South Africa, compared to other BRICS nations, comes first in five of the 10 criteria the World Bank uses to assess ease of doing business – starting a business, dealing with construction permits, getting credit, protecting investors and paying taxes,” he said.
Minister Radebe said South Africa’s infrastructure build programme is contributing positively to the country’s competiveness as well as supporting regional integration, investment support and growth in Southern Africa.
The public sector has invested R847.3 billion in the infrastructure programme in this current financial year.
WEF Director, Head of Africa, Elsie Kanza said Africa has made great strides politically, economically and socially since 1990 but the continent is also faced challenges.
South Africa will host the forum, expected to draw 1200 delegates, under the theme: “Then and Now: Reimagining Africa’s Future”.