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SA to punt NDP to global leaders at Davos

Johannesburg - South Africa is planning to highlight the National Development Plan (NDP) when ministers attend the World Economic Forum held in Davos, Switzerland, said the National Treasury on Sunday.

Seven ministers will represent South Africa at the WEF.

Ministers Yunus Carrim, Rob Davies, Pravin Gordhan, Derek Hanekom, Trevor Manuel, Edna Molewa and Ebrahim Patel would attend the summit from January 22 to 25.

Spokesperson Jabulani Sikhakhane said the ministers would update global business leaders on the country's plans to raise the level of economic growth under under the auspices of the NDP.

The NDP provides a strong platform for collaboration among business, government, labour and civil society for a more inclusive economy, said the Treasury.

"The plan promotes enhanced competitiveness, expanded infrastructure, greater spatial efficiency in growing cities and accelerated rural development.

"It prioritises measures to build a capable, effective state that delivers services to citizens while encouraging business investment and growth."

The summit aimed to develop the insights, initiatives and actions necessary to respond to current and emerging challenges, Sikhakhane said.

"These challenges are according to WEF, due to the fact that profound political, economic, social and... technological forces are transforming our lives, communities and institutions."

He said this year's forum took place as part of the global economy was showing signs of a pick-up in growth.

The World Bank's Global Economics prospects report published last week pointed out that the slower pace of growth in emerging market economies was not a cause for concern, he said.

"The [World] bank forecast that growth in emerging markets will rise from 4.8% in 2013 to 5.3% this year, 5.5% in 2015 and 5.7% in 2016."

He said South Africa needed faster and more inclusive growth to reduce unemployment, poverty and inequality.


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