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Economic growth image

Johannesburg, 20 September 2018 – The prioritization of economic growth, global competitiveness and policy certainty and predictability are key to improving South Africa’s Sovereign credit rating, so said Massmart Holdings Chairman Kuseni Dlamini.

Speaking at the fourth Southern African Metals and Engineering Indaba currently taking place at the IDC Conference Centre, Mr Dlamini said South Africa needed to be fully aligned on the growth imperative if other socio-economic goals such as employment creation, investment attraction and retention are to be achieved.

He said the country also needed to embrace global competitiveness as part of a national culture.

“The success of the country’s automotive manufacturing industry, the renewable energy independent power producer programme and the country’s world class financial services sectors are concrete examples of global competitiveness at work which must be replicated in other sectors,” he said.

In addition, Mr Dlamini said South Africa should attract and retain foreign direct investment. This, in turn, required a concerted and sustained collective effort by SA Inc. through the alignment of messaging on the country’s attractiveness as an investment location of choice.