'Africa is Not Risky Story' But is About Long-Term Growth & Return: SA Vice President

© Sputnik . Ivan SekretarevDeputy President of the Republic of South Africa Paul Mashatile at the plenary session of the XXVIII St. Petersburg International Economic Forum.
Deputy President of the Republic of South Africa Paul Mashatile at the plenary session of the XXVIII St. Petersburg International Economic Forum. - Sputnik Africa, 1920, 09.04.2026
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'Africa is Not Risky Story' But is About Long-Term Growth & Return: SA Vice President

Gauteng province offers a vibrant workforce, strong enterprise development support and world‑class infrastructure, Paul Mashatile said during the keynote speech at the Gauteng Investment Conference 2026.


"It is precisely at this point of delivery that Gauteng assumes its central role as the economic heartland of South Africa, contributing the largest share of our national GDP and saving as a gateway to regional and global markets."


Government’s role in this process is to make investment less risky by ensuring stable policies, efficient regulation and coordination across all of its levels, Mashatile emphasized.


"We need a strong partnership with businesses that invest in skills, support localization, integrate small enterprises into value chains and commit to long-term resilience."


Africa is rich in resources, he said, but weak in value chains, still exporting raw materials and importing finished goods.


"We are connected to global markets, yet insufficiently integrated within our own continent."


For Africa, Mashatile stressed, this is a "moment not to extract, not to import, but to produce, to innovate, and to lead."

Watch the video to learn how else Africa can break this cycle of dependency

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