Minister in the Presidency Khumbudzo Ntshavheni briefs media on the outcomes of the Cabinet meeting on Thursday in Cape Town.
Image: Supplied/GCIS
The Minister in the Presidency, Khumbudzo Ntshavheni, said the Cabinet expressed confidence in South Africa's economy as the country attracts new investments.
Ntshavheni spoke during a media briefing on Thursday, March 27, to deliver the outcomes of the Cabinet meeting held on Wednesday in Cape Town.
She said the Cabinet welcomed the launch of Google South Africa’s R2.5 billion cloud region in Johannesburg, which integrates South Africa into Google Cloud’s global network. This is Google’s first project in Africa and marks a significant investment in South Africa’s technology infrastructure.
Cabinet also welcomed the European Union's (EU) R93.5 billion Global Gateway Investment Package and the Private Sector's Participation in Rail and Port Freight Logistics Projects.
“The EU announced the Global Gateway Investment Package to support strategic investment projects in clean and just energy transition, digital and physical connectivity infrastructure, and the local pharmaceutical industry,” said Ntshavheni.
The minister said the EU has also reiterated its support for South Africa’s G20 Presidency and the importance of the G20 as a global forum for international economic cooperation. She said they welcome the strengthening of the strategic partnership between South Africa and the EU at the 8th South Africa.
The minister said the government also commends the launch of the Request for Information on Private Sector Participation in Rail and Port Freight Logistics Projects, as it is part of the critical reforms to improve South Africa’s logistics sector and thus improve economic growth through improved exports.
“The Roadmap for Freight Logistics System in South Africa promotes the greater competition in rail and port terminal operations, which will attract private investment, but strategic infrastructure such as rail lines and ports remain in public ownership,” Ntshavheni said.
The Cabinet has urged all sectors to accelerate the country’s path toward sustainable, inclusive economic growth and job creation through increased investment.
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