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Zuma to promote NDP at World Economic Forum

In a statement by the Presidency, Zuma said he's ready to communicate the country’s successes.

FILE: South African President Jacob Zuma. Picture: GCIS.

JOHANNESBURG - President Jacob Zuma will be promoting South Africa's National Development Plan (NDP) in Davos-Klosters, Switzerland for the World Economic Forum meeting, which the Presidency says has been designed to boost inclusive growth and development.

"We look forward to a successful session. We are ready to communicate our country's successes and also to share our plans to deal with the challenges that we face,'' said Zuma.

A statement by the presidency says that in 20 years of democracy South Africa has recorded substantial achievements in improving the living standards of citizens, especially the poor who had been excluded and marginalised during the period of apartheid.

The NDP aims to eliminate poverty and reduce inequality by 2030.

Yet despite its successes, the presidency has admitted that South Africa's journey to prosperity is still not complete given the huge legacy of apartheid.

The statement said a key goal of government is to boost economic growth to 5% by 2019 as announced by Zuma in the June 2014 State of the Nation Address ( Sona).

"The plan shapes government's budget allocation as we move towards 2030. Through the NDP, we also aim to position South Africa as a key destination for Foreign Direct Investment."

The country is expected to market its identified six job drivers that are designed to achieve much-needed growth with decent jobs. These are: infrastructure development, agriculture, mining and beneficiation, manufacturing, the Green Economy and tourism, respectively.

South Africa is also expected to market the new flagship project, Operation Phakisa, especially the component dealing with promoting the ocean economy.