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We need strong investments - Zuma

Jacob Zuma says government, labour & business need to work together to improve the economy.

President Jacob Zuma. Picture:GCIS

JOHANNESBURG - President Jacob Zuma on Thursday said South Africa's economic performance would have to be stronger for the rest of the year following a slow first quarter.

Zuma was speaking at a special media briefing at the Union Buildings.

He said the 0.9 percent achieved in the first three months added new pressure.

"We must strengthen economic performance and increase the rate of investment growth in the remaining three quarters of the year."

Zuma said government needed the business community, labour and regular South Africans to help.

"Without faster growth we cannot succeed in reducing unemployment, poverty and inequality."

He added South Africa needed a stable mining sector in order to grow. Zuma said despite strikes and a global recession, the country could boast of its high tourism levels.

Meanwhile, Finance Minister Pravin Gordhan has warned that the unrest in the mining sector will have a negative impact on jobs and the economy.

Several mines have been battling unprotected strikes as workers demand better salaries.

The mining sector has been hard hit by falling output as a result of the ongoing strikes.

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