International Leaders who are gathered at the Discovery Leadership Summit 2018 say South Africa needs to attract more investment to grow the economy and create more jobs.
The delegates have have urged leaders to work hard to sell South Africa as a preferred investment destination and install a sense of vision and hope.
Former United States President Bill Clinton, Hillary Clinton and former Prime Minister of the United Kingdom David Cameron attended the discovery summit.
Leaders at the summit are of the view that good leadership will help reduce the high level of poverty in the country.
The sentiments is high that inclusive growth will help reduce the high level of unemployment. They say the private sector must take a lead in investing in the country which will inevitably attract international investors.
Discovery Group Adrian Gore says:”We need investments to build the economic growth that will drive joblessness down and reduce poverty and this is about giving people hope, I believe we can change the narrative.”
Analysts say South Africa needs to adopt good governance standards to attract foreign direct investment. They are optimistic that the appointment of the new Finance Minister Tito Mboweni can help restore the country’s credibility and help boost productivity.
British Economist Lord Jim O’neill says:”I am hopeful that one of the new presidential leadership particularly appointing Tito Mboweni as finance minister maybe the country is going through a new era.”
Delegates says South Africa has the power to control its own destiny and that business, labour and government must work together to help grow the economy.
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