Speech by Premier Makhura on Infrastructure Africa 21 July 2014

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ADDRESS BY MEC NANDI MAYATHULA-KHAZO ON BEHALF OF PREMIER
DAVID MAKHURA ON THE OCCASION OF INFRASTRUCTURE AFRICA
CONFERENCE IN SANDTON, JOHANNESBURG ON MONDAY 21 JULY 2014
Programme Director Mr William Mzimba from ACCENTURE
The Management Team of the Siyeza Management – The Conference Organisers
Sponsors of the Rand Merchant Bank, DBSA, SANTAM and ACCENTURE, ACSA and
WERKMAN ATTORNEYS
Dr Ibrahim Assane Mayaki of the NEPAD Agency – the founding Partner of this conference
Mr Jayendra Naidoo J& J Group
Mr Rieaz Moe Shaik of the Development Bank of Southern African
Policy Makers,
Industry leaders and Investors
Academics and Scholars from across the continent and beyond
Business peoples and fellow public representatives
Organisers and sponsors
Members of the Media
Distinguished Guests
Ladies and Gentlemen
It is with boundless pleasure and exceptional sense of privilege that I, on behalf of the
people of Gauteng, extend our world famous and warm embrace of welcome to you.
We are elated that you are here. The future of our people is inextricable linked to the
progressive outcomes of this Infrastructure Africa Conference that you so graciously
honoured this morning.
The key objectives, for this Conference amongst others is to increase the number of
investment companies and players such as the commercial banks, DFI's, investment banks,
investment or infrastructure funds, as well as alternative funding through the pension and
sovereign wealth funds. This in turn will encourage the key project developers from
throughout Africa to attend and showcase their investable projects.
Secondly, we would like to encourage more project developers to attend and possibly
speak.
There is a need for bankable projects to be showcased to the investment
community. Ie: DBSA has in the region of R1.5billion in funds available for infrastructure
projects, but access to bankable, sustainable projects is limited through Africa.
Thirdly, this event we will create a business matchmaking programme with Outsmart
Marketing, to encourage one-on-one networking meetings to drive business development.
Lastly, we have two focused Country sessions - Ghana and Uganda - where panelists will be
discussing infrastructure projects and development, as well as investment opportunities
available in these emerging countries.
The Topics to be discussed include:
•
Identifying, preparing and financing critical and bankable infrastructure projects
•
The evaluation of PIDAs implementation and progress
•
Country Sessions - Uganda and Ghana
•
Financing infrastructure development in Africa as a Case Study by
DBSA's
commitment of loan and guarantee facilities amounting to ZAR2billion eamarked for
the GDF Suez Peakers Independent Power Producers Consortium
•
Agriculture and transboundary water projects in Africa
•
ICT & Telecoms in Africa
•
Project development and access to projects
•
Alternative funding: Sovereign Wealth Fund and Pension Fund investment into
Africa
The economic survival of our nation, like that of the rest of the peoples of Africa, is
dependent on how well we look after this magnificent initiative between the private sector,
the academic community and us - their representatives.
After her country’s global display of football splendour last week, her Excellency President
Dilma Rousseff of Brazil, bid farewell to thousands of football fans who had made Brazil
their home for more than a month. As she did so, she also welcomed delegates of the sixth
economic community of Brazil, Russia, India, China and South Africa (BRICS) to northeastern city of Fortalez to make world history.
In Fortalez, leaders of BRICS agreed on a ground-breaking $150 billion reserve fund to
establish the BRICS Development Bank. Amongst other key developmental needs of the
fund, it would be the infrastructure development initiatives of member countries.
Programme Director, we in Gauteng as you will appreciate, play host to the country’s
economic hub. We provide infrastructure as an enabler of the delivery of quality services.
Through the Gauteng Province Department of Infrastructure Development (GPDID) we
deliver infrastructure to provide education, social development, community development
and health; and this we do whilst we ensure employment creation, poverty relief, skills
training as well as ensuring access to services.
So, naturally, the news form Fortalez was well received here in Johannesburg.
We are of course very central to the events as they unfolded in Brazil. As Madam Rousseff
passed the baton to His Excellency President Vladimir Putin of Russia, South Africa was the
first BRICS member to host the Word Cup in 2010.
So, Programme Director, the road to Brazil and by extension, the road to Russia was
constructed through the knowledge we have sought through engagements like this one. In
fact, your conference could not have come at a more opportune time.
On a global scale, we can engage on South Africa’s and Africa’s response to the Millennium
Development Goals (MDG’s). For starters, as South Africa we have a very unique approach
to the MDGs in relations to infrastructure because infrastructure planning in our country is
co-ordinated from the highest office-The Presidency.
This is the case because we are marked by huge discrepancies in wealth, resources,
educational and career opportunities. This is not only a legacy of apartheid: it's a feature of
newly industrialising countries everywhere, as they try to remain competitive in an
increasingly globalised world. When we are to look into issues of the MDG’s, we do so from
a very careful national outlook.
This national perspective is captured most succinctly by President Jacob Zuma in the
Summary of the Presidential Infrastructure Coordinating Commission:
“We have chosen a path of counter-cyclical spending driven by catalytic
infrastructure investment. We are striking a fine balance between protecting our
sovereign integrity while leveraging the multiplier impact of fixed capital formation.
Valuable lessons have been learned from our most recent build programmes, such as
the 2010 World Cup stadiums, King Shaka International Airport, Medupi Power
Station and Gautrain. We are constantly improving our turnaround times and
efficiency, enabling a larger developmental impact.”
This view is of course consistent with our continental approach to how we see the future of
the continent including at international multi-national multi-laterals. African leaders
pledged to articulate and align these ideals and goals with their respective national
development plans in the development of the Continental Agenda 2063.
By this resolute commitment, Africa has set herself on a path to renewal and the creation of
a better life for her people. In the AU’s own words ‘Agenda 2063, is an approach to how the
continent should effectively learn from lessons of the past, build on the progress currently
underway and strategically exploit all possible opportunities available in the short, medium
and long term so as to ensure positive socio-economic transformation within the next fifty
years.
While there’s no denying that transport infrastructure, such as roads, rail and ports remain
key constraints to the continent’s growth, today’s challenges also include such things as the
energy needs to power up the productive industries in growing economies with burgeoning
urban populations.
It is in this context that in Gauteng, we are rolling out Green Agenda Initiatives as part of our
own contribution towards climate change mitigation and adaptation strategies as well as
the green and smart economy. The Program entails mainly, the roof-top solar panel roll out
project (which will simultaneously address existing constraints of land and power supply),
the energy efficiency retrofit project and the hospital affordable clean energy project.
We also have launched the smart schools Programme in terms of which all new schools will
now have assembly halls, technology front end and backbone infrastructure will be
introduced to comply with e-learning and smart education.
Finally, I must emphasize that the continent of Africa and its people have great expectations
from this process and that each and every participant here must bear this in mind as they
approach the deliberations today and others that will follow.
On this note, I am happy to conclude by wishing you all productive, focused and rewarding
deliberations. I am confident that this will be one of a series of results-oriented “quality
dialogues” that will promote the accomplishment of Africa’s renewal through smart and
efficient infrastructure.
I thank you
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