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Ministerial committee on investment in SA to hold first meeting tomorrow

President Jacob Zuma tasked the committee with boosting South Africa's economy.

President Jacob Zuma. Picture: Reinart Toerien/EWN.

CAPE TOWN - President Jacob Zuma says ministers tasked with boosting investment in the South African economy will meet for the first time tomorrow.

Zuma set up the Inter-Ministerial Committee on Investment Promotion to help guide the government's efforts to get the economy moving.

"I asked the business community for the first time to send a contribution to the meeting in the form of a submission on what exists in the regulatory environment that makes it difficult for them to do business with ease and help with growing the economy," Zuma said.

Zuma says he's received a comprehensive input from business, which will be discussed at tomorrow's meeting.

He was speaking at the opening of the annual meeting of the National House of Traditional Leaders' at Parliament.

He's warned the traditional leaders that the poor state of the economy means the government will be cutting spending to its core business, delivering services to the people.