Vivian Reddy, chairman of Oceans Development, said South Africa faced a pivotal moment that required significantly greater investment across multiple sectors.
Investment, backed by strong governance and improved infrastructure, will be critical to unlocking South Africa's economic growth potential, business leaders told delegates at the KwaZulu-Natal Investment Forum on Thursday.
Speaking at the forum, Eskom Pension and Provident Fund CEO Shafeeq Abrahams said addressing infrastructure bottlenecks was essential if South Africa wanted to improve its global competitiveness.
“Addressing these challenges is not just a provincial priority; it is also a national priority," he said, adding that the opportunity expands beyond the ports.
“Logistical corridors connecting South Africa’s global trade and energy infrastructure improve security and water systems are crucial for South Africa’s economy."
