By Lehlohonolo Lehana.
Deputy President Paul Mashatile has called all sectors of society to collaborate to generate employment, boost trade and investment between the nations, the continent and the world.
Mashatile told delegates during a dialogue on the role of leadership in fostering economic growth, hosted by the African United Business Confederation (AUBC).
The roundtable dialogue held on Tuesday focused on the role of leadership in economic growth.
“We are convinced that to build our economy, leaders from all sectors, including business, politics, government, and civil society, must work together,” he said.
“Our roles are all important, and if one lags behind, it will affect the growth of our economy. It is our duty as political leaders in government to formulate policies that promote an environment conducive to economic growth.”
Mashatile said, effective economic policies can stimulate innovation, promote entrepreneurship and drive innovation.
He told the private sector leaders that they have a responsibility to foster entrepreneurship and innovation, both of which are vital to economic expansion and job creation.
In addition, he said, the private sector is key to enhancing the competitiveness of the South African economy.
“Together, as leaders, we possess the foresight to identify opportunities, mitigate risks, and make strategic decisions that drive sustainable economic development.”
He acknowledged that despite attaining political freedom and substantial advancements since 1994, South Africa is yet to realise economic freedom and an economy that adequately provides for the majority of its population.
Mashatile added that in order to reach the goal of ending poverty and boosting economic growth set out in the National Development Plan, “we must all work together to fight corruption and support accountability, openness, and good government”.
The fight against corruption should be multifaceted, involving both the public and private sectors.
“We have to strengthen anti-corruption partnerships, intensify efforts, and promote a zero-tolerance approach to corruption led by capable leaders, who are resilient, highly adaptable and willing to implement bold reforms to surmount our challenges and transform the economy.”