SA to go on 'charm offensive' to lure investors - Zuma

The president was speaking in Pretoria after a mining sector stakeholder consultative forum meeting.

FILE: The president Jacob Zuma was speaking in Pretoria after a mining sector stakeholder consultative forum meeting. Picture: Reinart Toerien/EWN.

PRETORIA - President Jacob Zuma says South Africa is going to go on a 'charm offensive' to lure investors to the struggling mining sector, as efforts to revitalise the industry gain momentum.

The president was speaking in Pretoria on Tuesday after a mining sector stakeholder consultative forum meeting.

More than 100 delegates from government, the private sector and unions briefed Zuma on the implementation of the framework agreement for a sustainable mining industry.

The president says the meeting was convened to re-establish confidence in the mining sector which remains a pillar of the economy.

He says the difficulties South Africa is experiencing are not unique as the world economy struggles, which is why the mining Phakisa will be convened next month, which he hopes will be a catalyst for development.

Zuma says to support growth, the mining industry will engage local and international investors.

"This will be done through investor road shows and participation in the international and local conferences."

Zuma says it was also agreed that economic opportunities should be created in affected mining communities.

"To fast-track economic development, and economic diversification projects in mining towns and labour-sending areas."

The president says government has to take the lead to ensure the sector remains viable and continues to contribute to the economy.

The Mining Phakisa is scheduled to be launched next month.