Zuma reassures investors

2012-09-18 17:45

Brussels -  South African President Jacob Zuma said on Tuesday he could understand why the violence accompanying miners' strikes in SA could worry international investors but the country's swift response should give them comfort.
Zuma spoke after a European Union-South Africa summit meeting in Brussels at which few if any specific agreements were made. At a joint news conference, Zuma and top EU officials praised the state of relations between the bloc and South Africa in broad terms and expressed hope for future agreements.
Asked by a journalist about the effect of the unrest on international investors, Zuma said the August 15 police shooting of miners in Marikana, in which 34 people were killed, was an "unfortunate" incident.
"Certainly, if such a situation happens, it must bring concern, particularly to investors," Zuma said.
"I believe that the manner in which we have swiftly attended to the situation, and we are now in full control - that must give comfort to investors," he said.
He mentioned the establishment of a judicial commission of inquiry charged with determining what happened, and stressed that South Africa was a stable democracy committed to the rule of law.
"I think South Africa remains a destination for investment," he said.
Both sides expressed hope that a trade agreement would eventually be negotiated between the 27-country EU and Sadac, the 15-country Southern African Development Community.
The EU already has a trade agreement with South Africa. And South Africa, as Sadac's economically strongest member, will have a major say in whether a wider agreement is reached.
The officials also said they would deepen their cooperation in fighting piracy off the coast of Africa.

*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

  • clive.kihn - 2012-09-18 17:52

    "Swift" response?! The man really is an imbecile.

      fussed.anderson - 2012-09-18 18:03

      So you dont think that CEO's talk to each other. Are they going to LIE for you??????????????

      lacrimose.wolf - 2012-09-18 18:06

      Yep, the time to step in was when the 1st 10 people were killed. A whole week went by with JZ chatting in Moz, Minister of Mines too busy deporting illegal miners in Bloem., and the Unions far more concerned with getting their faces and voices in the media and pointing fingers at each other. Problem solving skills - we have none

      shirley.steenkamp - 2012-09-18 18:41

      Zuma obviously uses a dictionary we dont know of. His meaning of swift is sure not the same as what I know!

      wesley.nel.5 - 2012-09-18 18:43

      Next time send the tooth feary, they will believe him, rather Zu

  • lekkeperd.chevyss - 2012-09-18 17:53

    Do something about it showerhead

  • - 2012-09-18 17:59

    Anyone who can read, and saw the last couple of weeks news, will know that this is all lies. So much for reassurance and it say so much about our leadership.

  • bulelwa.poni.9 - 2012-09-18 18:03

    taking a month, in which no decisive actions by government, and that is described or considered "swift" ... WOW!

  • gary.doyle.520 - 2012-09-18 18:05

    If they saw your returns from this country maybe they'd invest even more. Or maybe people will start noticing that you often contradict yourself from one speech or statement to the next. Perhaps because you repeating what was written for you like a parrot.

  • desertratbkf - 2012-09-18 18:08

    SWIFTLY ATTENDED TO THE SITUATION????? You are one idiotic piece of work if you think that the intelligent world out there has not seen what has been going on! Gorilla man, please stop embarrassing us!

  • ruben.maistry - 2012-09-18 18:09


  • larry.piggott1 - 2012-09-18 18:19

    Would anyone take any notice of what this clown says?

  • vernon.samuel.7 - 2012-09-18 18:26

    JZ's assurances are subject to the shaky alliance remaining intact. We must be the only country in the world where the union and the ruling party are in alliance. In this unique relationship, the union members give their vote to the ruling party at every election. In return, the ruling party sets the army and police on the union members whenever they strike for a living wage. Once that alliance is severed, then the hpocrisy of the ANC/SACP/Cosatu agreement will be exposed for what it is - a handy situation where the leaders enrich themselves and entrench their power at the expense of the masses. The obvious rifts in the ANC currently are a sign of things to come. I actually hope that JZ wins another term at Mangaung because he is an uninspiring leader that does not have what it takes to unify the alliance partners. Under his 'leadership' the ANC will definitely split - a prerequisite to SA becoming a true democracy and not a one-party state.

  • cathy.dejongh.5 - 2012-09-18 18:57

    If the back of his head is pricked by a pin he'll burst

  • aspruyt - 2012-09-18 19:00

    "swift" my hairy bottom!

  • lenox.ntlantsana - 2012-09-18 19:06

    SWIFT RESPONSE \\ SWIFTLY MOVED\r\n\r\nIs all is about in yesterday and todays news headlines! But why did it had to be only these two days? Just a question!

  • carol.paterson.923 - 2012-09-18 19:14

    Zuma, please explain your comment "South Africa was a stable democracy committed to the rule of law". Zuma, do you know what stability is? and please xplain what you mean by the 'rule of law'. The only swift you know is pilfering our hard earned money into your bank account. You have also done a 'swift' job of turning this beautiful country into a 3rd World mess.

  • braamc - 2012-09-18 20:43

    Zuma you are just one big unfortunate incident to put it mildly

  • martin.melzer.988 - 2012-09-18 21:26

    Swiftly did nothing.

  • khethu.ndlovu.3 - 2012-09-18 22:36

    Swift? Then i dont know the meaning of the word.

      irvin.mkhari - 2012-09-18 23:46

      it mean happening or moving quickly or within short time.

  • douglas.reid.921 - 2012-09-19 07:08

    Investment and Nationalization don't sit well together, ask Bob. A month to shut the jelly totsie up is not swift. Lock him up swiftly and you might just impress someone. Or might you have need to use the used condom again?

  • arthur.salvado - 2012-09-19 07:42

    The only time anyone in government moves swiftly is to ensure that a certain deal or tender does not happen with filling their pockets and those of family first. Then nothing matters because it's left over tax payers money. Now, that's swift .

  • jacqui.daanevanrensburg - 2012-09-19 10:53

    When Zuma assures you of anything, you want to run like hell.

  • pages:
  • 1