Ramaphosa calls on the private sector to drive key economic reforms

President Cyril Ramaphosa has emphasized the importance of partnering with the private sector to drive the country’s key reforms with an aim to grow the economy and create jobs. Ramaphosa was participating in a dialogue at a conference hosted by Goldman Sachs in Johannesburg.

The conference brings together chief executive officers, chief information officers, chief financial officers and chairpersons of leading companies and financial institutions across all industry sectors from South Africa and other parts of the continent. pic.twitter.com/L87MJh9S0I

— The Presidency 🇿🇦 (@PresidencyZA) February 27, 2025

The president has pointed out that the implementation of reforms in the electricity sector has attracted investments by the private sector therefore investment opportunities will also be created in the logistics and water sectors.

“We now looking at logistics and rail and our ports. Some of our ports used to be some of the best in the world and they declined over time. We now rebuilding them, bringing in the private sector. So, in electricity, we bring in the private sector and in logistics, we are doing exactly the same thing, the private sector is going to play a key role and one of the reasons is the private sector has the money to invest.”

President @CyrilRamaphosa arriving at the Four Seasons Westcliff Hotel in Johannesburg; received by Goldman Sachs Chief Executive Officer, Mr Simon Denny; Co-Chief Executive Officer, Mr Kunal Shah and Vice Chairman, Mr Richard Gnodde to participate in Goldman Sachs 2025 South… pic.twitter.com/Ogt7tzBH4e

— The Presidency 🇿🇦 (@PresidencyZA) February 27, 2025