South African Deputy President Paul Mashatile has called on investors to continue investing in the country to change the fortunes of the economy and create enough jobs to absorb new labor market entrants.
- Mashatile commended the sector for investing in youth development initiatives, such as the Youth Employment Stimulus (YES) initiative, and improving access to clean water.
- The Deputy President urged the government and business sector to work together to fund and invest in income- and profit-generating projects to address poverty, unemployment, and inequality.
- Investors were invited to invest in industries such as manufacturing, agribusiness, transport and logistics, the ocean economy, the digital economy, and renewable energy.
- The South African government is working to stabilize the energy supply by fixing Eskom, improving the availability of existing supply, and accelerating private investment in generation capacity.
- The Just Energy Transition Partnership aims to guide the nation’s transition from fossil fuels to a sustainable and equitable energy system, without causing job losses.