Zuma: Business must woo investors at Davos

Zuma: Business must woo investors at Davos

2014-01-16 16:30

Johannesburg - President Jacob Zuma encouraged a business delegation on Thursday to market South Africa at the World Economic Forum (WEF) in Davos, Switzerland.

"There are some achievements that we can speak of as South Africans which will generate confidence among investment partners," Zuma told the delegation in Johannesburg, according to a copy of his speech.

He said South Africa was a much better place than it was before 1994.

"We have all worked hard as individuals, as groups, and as sectors to ensure success in many areas," Zuma said.

The past five years had been difficult economically because of the global economic and financial crises.

"But we have emerged better than other economies due to a solid economic foundation and direction."

Unemployment was a "big headache" for the country, but there were positive signs, he said.

"The economy regained the one million jobs which we had lost as a result of the 2008 global economic crisis. We are pleased that since 1994, five million more people are employed, with total employment at 14 million people," he said.

He said the National Development Plan outlined most of the objectives and work that should be done to achieve the desired socio-economic development by 2030.

"As you engage the world you will be able to say we know exactly where we want to be by 2030," Zuma said.

  • marko.ras - 2014-01-16 16:33

    Bull crap!! South Africa was largely un touched by the housing crisis and credit crunch due to sound financial regulation! Zuma is a liar! Zuma is a corrupt corrupt corrupt person!

      Ian Flack - 2014-01-16 17:04

      Why on earth should business encourage investment if you are doing your best to frighten them away?

      Stom Geslaan - 2014-01-16 17:58

      Sean he has a bad choice of words, he meant to say victims.

      Caine Abel - 2014-01-16 17:59

      Bussiness must woo .....while zooma poo.........what a joke an all so called freedom fighters just cruising along for financial gain .......no more skin on their face...if guys like mac and co can not see what zooma is doing to the country and its people then its poo to the investors

      Andrew Terr - 2014-01-16 18:24

      Business must woo investors and we must continue to BOOO you.

      Mark Sims - 2014-01-16 20:20

      O my God, number 1 wants’ to build another Nkandla!!!! How many does he want? Your people are dying on the streets, Zuma. Sorry too many words in one sentence, grade 4 can only read 2 words at a time.

      Patrick Starkey - 2014-01-17 10:42

      We are trying to get out. Not in !!! The regulatory / social & political environment must be investor friendly & pro business to woo investment. There they go again passing the buck to me whilst trying to steal my business. Incredible but true.

      Freddie Miller - 2014-01-17 14:21

      Has this moron not yet realized that international investors judge you by your actions, not your empty promises. The biggest obstacle to investment and jobs in SA is Zooma and the ANC.

      Freddie Miller - 2014-01-17 14:23

      ...and Cosatu.

      Freddy van Wijk - 2014-01-17 19:46

      I fully agree @Anonymous!!

  • marko.ras - 2014-01-16 16:35

    Bull!!! Bad governance the last gee years created unemployment. SA was largely unaffected by the global crisis due to sound financial regulation. Zuma is a liar! Zuma is corrupt!!! Zuma is the cause of unemployment!

  • JohnDough - 2014-01-16 16:44

    Ag ignore Zuma, he just wants to see what more he can steal.

      Stom Geslaan - 2014-01-16 17:59

      You don't invest in Africa unless you are willing to pay the bribes.

  • jungleboy - 2014-01-16 16:46

    Nobody in their right mind will invest in a country with a thief for a president, 2 credit downgrades in a year, Stalanist labour laws and a government that is anti business and keeps on banging on about total control of the econony. The department of trade and industry is run by a communist. No sir... Davos is just another excuse for super expensive travel, hotels and a piss up at the tax payers expense.

  • Erna Westdyk - 2014-01-16 16:48

    We are pleased that since 1994, five million more people are employed, with total employment at 14 million people," he said.-------- How is that possible? 5 million jobs in twenty years but in their manifesto they promised 6 mikkion jobs in five years.

      Erna Westdyk - 2014-01-16 16:49

      Million not 'mikkion' although I suppose it could have been seeing that its not going to happen.

      Menzi Mnandi Phewa - 2014-01-16 17:13

      You must learn to read and understand.

      Erna Westdyk - 2014-01-16 17:45

      Nothing wrong with my reading skills or understanding. I was educated in the days when our education still counted. But please explain your statement oh cleverone.

      Gary New - 2014-01-16 17:53

      We also forget about how many jobs were last You create 5 million jobs but 10 million lose there jobs That not something to be proud of

  • Brad Smith - 2014-01-16 16:48

    There are also some achievements that we as South Africans can speak of that are not likely to instill confidence in investors. That would be you as president zuma. No investor in their right mind is gonna listen to you and decide to invest. Epic fail zuma.

  • Coenraad Vaneeden - 2014-01-16 16:50

    His I. Q must be very low

  • Nhlanhla Gezani Leonard Baloyi - 2014-01-16 16:51

    Unfortunattely there will be no Bussiness man or who so ever, who will invest his money under this corrupt Government# Look at the Rand currently, bussinesses and investors are pulling out.

  • John Stoltz - 2014-01-16 16:54

    Mr Prez, there are more disasters than good news for foreign investors inthe RSA ! Please start to root out corruption, voilence, cadre deployment plus a whole list more, and then talk to investors !! Please do not hide behind ignorance !!

  • Gordon Hart - 2014-01-16 17:14

    so sayeth the man whose comments such as ..."the ANC will rule forever"... have substantially contributed to the current diabolical exchange rate which, in itself, is a statement of foreign confidence in the country

  • gareth.gordon3 - 2014-01-16 17:18

    Zuma, don't talk cr@p

  • grant.wright.18 - 2014-01-16 17:31

    I hope nobody invests in SA, if they do they are just as stupid as the ANC and should be boycotted....

      Mthandazo Mk Nkiwane - 2014-01-16 17:52

      what a stupid coment fr a white educated person lk u .whats yr gain if they invest in sa.

  • grant.wright.18 - 2014-01-16 17:33

    Like the old days the world boycott SA for apartheid, now we must boycott any company investing in SA as they funding the crime....

  • Attie Tredoux - 2014-01-16 17:54

    Zuma is a liar and is the last person who can bulls@t the world

  • Kevin Immelman - 2014-01-16 17:58

    I wonder if ole Jakob Regop ever reads the comments made by the voters in this country - if he did, I'm sure he crawl into a hole! Does he think anyone actually believes the nonsense he sprouts (apart from his racist sycophant supporters)! So sad that the president of a country can abuse his subjects so badly!

  • Anele Booi - 2014-01-16 18:22

    De president has spoken, viva my president viva #inde lendlela esihambayo

      Robert David Allam - 2014-01-16 18:34


      Ian Trenor - 2014-01-17 01:00

      Thick as pig shiiiittt !!!!!

  • Lerato Ndlovu - 2014-01-16 18:32

    Zuma, business can stand on its head and pull off a trapeze act and they still wouldn't be able to take the attention off you and your 'three thousand and sixty thousand!' Why would they invest in a country where the President can't even read! You're a liability and every time you open your mouth the rand takes a nose dive! suuuga! Go do what you do best...troll the streets for more wives!

  • Andre Pretorius - 2014-01-16 18:43

    Rigid unfriendly investor labour laws, Bee, corruption, crime, militant workforce, stoppages / strikes the list just goes on & on and you think investors don't do the numbers!! Duh!!!

  • Fairness IsEverything - 2014-01-16 18:45

    Its difficult to "woo" anyone with what you allowed for this country to become. Go and "woo" your mother with a pre election campaign

  • Andre Pretorius - 2014-01-16 18:56

    It is really refreshing to see some of our black brothern passing useful and intelligent comments, they are obviously better educated and can see the bigger picture, well done, you have my respect!!

  • Alan Colquhoun - 2014-01-16 19:11

    Well done Mr Zuma. In 1994 our population was 33million. It is now 55 million. Your claim that there are now 5 million people employed looks a bit sick then doesn't it - out of the 22 million new people in the country only 5 million of them have jobs, and that is assuming that none of the original 33 million got new employment. A sorry state, I would say. It is nothing to brag about.

  • Mark Russell - 2014-01-16 20:25

    Exchange controls make south Africa an impossible place to operate if you bring Forex in and need it to go out again. It's tough enough without the blatant corruption and fraud perpetrated by our government. High cost of inefficient labour, high number of production halting strikes, extremely high tax rate, ridiculously inflated cost of inland transport due to new tolling system....... woo you say Zuma?

  • Dawie Barnard - 2014-01-16 23:03

    Mr Zuma, business needs a stable, predictable, investment friendly environment to settle and thrive in. Not one where the unions poison the well with ridiculous and unsustainable demands. Job creation as an alone standing entity is a myth. Once a business friendly environment is created, foreign direct investment will follow. You cannot allow the unions to run riot and placate your friends to stay in power and expect no consequences. Greed, corruption and poor governance has poisoned the business environment to the degree that growth, industrial output, mining and income (except for you and the connected few) is spiralling downward. Many black comments to these issues are the predictable knee jerk response of racism, colonialism etc. Why can you not see that the real issue is one of poor governance, corruption and lack of skilled decision making? The appointment of friends and party loyalists means that SA will never compete with the Asian tigers or even Botswana and Ghana. The time has come to drop blind race and party based loyalty and look at the bigger picture. Continue sinking into the quagmire of poor governance or change the direction of the country. There is no magic formula; hard, honest work and intelligent decision making from the top down is however a good starting point.

  • Truth.speak - 2014-01-16 23:05

    SA great country with great people. Why then do we have such a rubbish president?

  • Ian Trenor - 2014-01-16 23:54

    Zooms step down for starters then MAYBE investors will have a rethink?? I'm doubtful.

  • Richard Young - 2014-01-17 08:20

    Businesses can woo investors till the cows come home. ANC policies will remain what's chasing them away in the first place.

      louis.elst - 2014-01-17 09:51

      Better place , only for the top guys who live like kings and support each other in the corrupt Policies The ANC policies and Malemas Policies of supporting Zim will scare any person away The west is good for their money but not advice ?

  • Debbie Brain - 2014-01-24 21:28

    Zuma is able to talk self -suiting crap. what he woos, the rest of the world will never take part in, BEE.If the government tied up contracts with the Euro, we could be sitting pretty and making them pay. Zuma seems to be continent with the rest of the world as it continues to use small (currency) markets. "third world" currencies who cannot assert themselves as the Auzzie has done by maintaining their employment capacity which out weighed quantative easing risk and eventually strenghthened in value against huge odds.As if their disadvantage against a weak dollar, investing outside of their perimeter is an advantage to South Africa.Nobody in this country actually works compared to Chinese people, so how come this dumb parliament expects to woo anyone competitive? Woo to you, especially your Chinese Masters.

  • Ike Jakson - 2014-01-25 04:04

    Woo, woo woef-woef. Does he not understand the difference between woo and woe? Poor old Jakob?

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