Challenges facing the Zuma • That we will work very hard towards this year, start growing by just over 1%
Presidency defining our role on the continent in next year and move towards a growth
In the challenging global economic such a way that we act as leaders, of 3.2% in 2012.
environment in which Jacob Zuma but also enhance unity and solidarity We are flattered by the investment
became the fourth President of the on the continent. into our financial services industry by
Republic of South Africa at the end of • That we will launch a massive effort Britain and China. Other investments
April this year, he inherited the following: to enhance stability ahead of the are being discussed into this sector, a
• A strong governing party with a clear 2010 Soccer World Cup, but at the sector that has been praised globally
and decisive majority at the polls. same time finding the right mix of for its strength under the onslaught of
• A region dominated by the instability socio-economic measures that will the global crisis.
in Zimbabwe where the Zanu PF/ combat poverty and unemployment, Similarly, we have been strengthened
MDC alliance is a cause for concern, issues that are at the root of by your support of our conservative and
amongst many other concerns. crime. One of the announcements sound fiscal and monetary policies.
• A continent where the final form and in Tuesday’s mini budget was that Whilst mindful of our responsibility
format of the African Union is still we will put more than 22,000 new to broaden our services to our voters
being debated. policemen on the street and that a at speed, we are also mindful of the
• A country where crime and corruption massive spending programme will be need of a constant and increased
is at unacceptable levels and an issue launched to improve security in our inflow of foreign direct investment as
of concern for our British, European country over the next three years. well the development of profitable
and global partners. In this regard, joint ventures. It is simply not in our
we will and must move away from a The ANC and the policy debate interest to deviate from that path.
v
e
n
t
s
culture of greed and self enrichment I know that you are concerned about I am here as an elected representative
to one of transparent accountability. the noise that you have been hearing of the ANC leadership to seek lasting
We should also consider additional around the issue of the nationalisation of commercial partnerships that will benefit
|
e
legal measures, one of them being mines in South Africa. I understand that the United Kingdom, Europe, South
G
the potential appointment of a you regard this as a very serious issue, Africa and Southern Africa.
Corruption Commissioner with wide and I want to reassure you that we will Hopefully our interactions here this
I
N
ranging legal powers. manage it, keeping your substantial and evening will contribute towards creating
• A country where we have no other historical interests in mind. more opportunities for entrepreneurs
K
choice but to focus a large amount Given our democratic nature as on both sides.
R
of energy on addressing decades a party, the ANC has no choice but
of old backlogs in education, to allow its’ structures to voice their Lonmin and the PBF
O
health and housing. In the mini opinions about this matter. It is the In closing, I want to thank Lonmin for
W
budget delivered by our Minister of open and transparent way that we their sponsorship of this event. Their
T
Finance on Tuesday, he announced conduct our business and we will sponsorship of this event shows their
E
an additional package of almost continue to do so. deep understanding for the support of
R1 billion for HIV/AIDS as well as Nationalisation of the mines is, forums where we can engage business
N
substantial increase in spending in however, not the policy of the ANC, nor leaders in global financial centers such
F
housing and education through a that of the ANC led government. as London.
B
number of initiatives, inclusive of We will, however, explore ways and The co-convenors of the Progressive
P
infrastructure creation. We hope to means of broadening this debate and Business Forum, Renier Schoeman
create more than 4 million jobs in the finding creative long term solutions and Daryl Swanepoel, will engage with
next three years. to the serious issue of the broader you regarding further events next year
In addition, there is a view that, distribution of wealth in a responsible where members of the ANC leadership
because of the above, the South African fashion. It is not a debate in isolation, as well as government ministers will
government will incrementally move its and your serious and blunt views about engage with you here on issues that
economic policies to the left of centre the issue will be welcomed. define our commercial and other
and thereby cause concern amongst You are also concerned about relationships.
some of its partners. repeated views that have been We sincerely appreciate Lonmin’s
expressed regarding the possibility sponsorship of this event as well as
What to expect from the ANC that the ANC led government will start your attendance here.
Government a move towards economic policies I thank you.
<
You can expect the following from the that are investor unfriendly and less
ANC government, headed by President responsible than our current fiscal and
Zuma: monetary policies. I am confident
• That Mr Zuma, as President, will that Tuesday’s mini budget made a
move swiftly to restore the legacy contribution towards dispelling those
of reconciliation and nation building, views over time. Our budget policies
bequeathed to him by Mr Mandela. will continue those that we developed
South Africa will operate as a team over time, target inflation, encourage
from a non-racial, non-sexist basis. counter cyclical investments and relax
• That we will work tirelessly to find export regulations.
democratic solutions to enhance a The signs are that we will move out
political settlement in Zimbabwe. of the recession in the fourth quarter of
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