The final day of the World Economic Forum (WEF) Africa 2015 has started with the notion that a future characterised by growth, development and prosperity will be critical to a reimagined Africa.
This comes after President Jacob Zuma said a pre-condition required for the growth and development of the continent is a commitment to good governance and constitutional democracy.
He said this will lay the basis for the continent’s private sector and investors to contribute to national growth and development targets, which further contributes to continental growth and development.
Thousands of business and government leaders are meeting in Cape Town for the third and final day of WEF Africa. The event was held under the theme “Then and Now: Reimagining Africa’s Future’.
Today’s sessions will cover topics related to financial integrity, migration inside and outside Africa, transforming Africa’s economies, media on the continent.
Ensuring an open immigration policy
Tourism Minister Derek Hanekom carried forward the message that South Africa is committed to ensuring an open immigration policy that enables tourists and investors alike to enter the country.
The creation of this enabling environment is being addressed by Cabinet to ensure that the immigration policy takes into account national developmental priorities as well as safety and security of citizens and travellers alike.
African Mining Vision
Mineral Resources Minister Advocate Ngoako Ramathlodi sat in a session on the African Mining Vision, where he reaffirmed South Africa’s support for the vision and the extent to which the country has domesticated the vision.
Minister Ramatlhodi spoke about investment prospects in requisite infrastructure in the continent to unlock the mineral development potential through the Program Infrastructure Development for Africa (PIDA) of the African Union.
He said South Africa remains the wealthiest mining jurisdiction in the world, with non-energy in-situ mineral wealth estimated at US$ 2.5 trillion.
To deliver on the promise of development of the economy and citizens, this mineral wealth must be supported by beneficiation and industrialisation. This is key to national, and continental growth and development.