|
CAPE TOWN, Aug. 30-- President Cyril Ramaphosa said on Friday that he will position South Africa as a destination of choice for investors at the upcoming World Economic Forum on Africa (WEF Africa). The meeting, scheduled for Sept. 4-6 in Cape Town, will allow South Africa to profile investment opportunities in diverse economic sectors, Ramaphosa said. "South Africa is once again honored to host this globally important gathering and we look forward to learning from partners and counterparts how best to achieve inclusive and sustainable growth that creates employment and enables us to improve the living conditions of all South Africans," he said. Now more than ever, South Africa needs to create opportunities that will empower young people, Ramaphosa said. The meeting, he said, will allow South Africa to showcase the broad range of programs it has put in place and actions it has taken to reduce poverty, unemployment and inequality. The South African delegation will further highlight that South Africa, which has prudent macroeconomic policies, is restructuring its state-owned enterprises to position them to grow the economy and is striving to improve its competitiveness through a commitment to creating an enabling environment for trade and investment, according to Ramaphosa. South Africa, he said, wants to show the world that it remains committed to innovations and technologies that will advance the country and the African continent into the fourth industrial revolution (4IR). | 
