The provision of infrastructure would “catalyse economic growth” in South Africa, Transnet CEO Siyabonga Gama told journalists on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland yesterday (Tuesday).
“Here in Davos there’s a lot of talk about how we can make sure that the growth is inclusive, that not only is it pro-business but it is also pro-labour, that we begin to have infrastructure that assists us to make sure that we broaden the economic base in terms of the participants and that a larger number of people is actually participating in the economy.”
Commenting on Transnet’s infrastructure projects – which fall under the group’s ambitious billion dollar Market Demand Strategy (MDS) – Gama said that it was important for state-owned entities (such as Transnet) to partner with business when planning infrastructure projects to ensure that they could plan their strategies around these developments.
Gama forms part of the high-level Team South Africa delegation at the WEF. Head of the delegation, deputy president Cyril Ramaphosa, is expected to participate in an informal gathering of world economic leaders looking at responsive and responsible leadership tomorrow (Thursday).
Team South Africa will also engage in a range of bilateral discussions at the WEF, which concludes on Friday.
