Africa Rising brags South Africa’s Minister of Finance, Pravin Godham
South Africa’s Minister of Finance, Pravin Godham has emphasised that Africa will produce the biggest economic growth as China and India did in the recent years.
By H.E. Emmanuel Mwamba
CAPETOWN- 7th February 2017
South Africa’s Minister of Finance, Pravin Godham has emphasised that Africa will produce the biggest economic growth as China and India did in the recent years.
Speaking at ENSFA’S Luncheon for Africa Ministers and members of the mining community, Africa’s largest law firm, Godham called for the acceleration of programs that should enhance industrialisation, and beneficiation to resources.
Mr. Godham said the new growing middle class and new jobs will come from Africa.
Godham urged the private sector to recognise that nationals were now more aware of the positive role that corporates and public sector should play to bring about development.
South Africa’s local debt stood at R2trillion but was borrowed from local capital market. I welcome the vision of Africa Union (AU) and urge a mindshift by the private sector that Africa had changed and would not allow exploitative processes,” said South Africa’s Minister of Finance.
Speaking with backing from South Africa’s President Jacob Zuma, Godham said Africa was now concentrating on developing capacity in infrastructure and the energy sector in order to drive the anticipated economic growth.
The South African Minister of Finance. also recognised that countries needed to attend to youth unemployment, transforming economies and drive inclusive programs that benefited nationals.
Godham said the upcoming years there could be uncertainity with the advent of 45th USA President Donald Trump in the United States of America and his new policies.
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