Dti partners with World Bank Group to drive private sector competitiveness and investment

The trade and industry department and the World Bank Group on Monday announced an advisory services partnership aimed at improving the business environment for domestic entrepreneurs.

World Bank Group’s support to the government of South Africa will be delivered in partnership with the Swiss State Secretariat for Economic Affairs and the Prosperity Fund of the UK’s Foreign and Commonwealth Office. “I would like to assure you that we are committed to addressing the employment deficits that we face, and this will start with providing the right environment for the private sector to flourish. The four-year programme will be led and coordinated by InvestSA,” said Lionel October, dti director general.

“IFC is committed to working across the World Bank Group to help South Africa achieve best practices and real impact in its reform efforts. The target set by President Ramaphosa of generating investment of $100 billion within five years is important. It sets the tone for the policies needed to attract foreign direct investment.,” said Kevin Njiraini, IFC regional director for Southern Africa.

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