New York Times

South Africa is open for investment and wants to offer policy certainty as it seeks to increase economic growth and eradicate poverty, the new leader of the ruling African National Congress said on Saturday.

Cyril Ramaphosa, who won the race to succeed President Jacob Zuma as ANC leader last month, made the comments in a speech to mark 106 years since the founding of Africa’s oldest liberation movement.

“South Africa is open for investment and we invite all investors from all over the world to come to South Africa to invest in our country so that we can grow our economy, create jobs, end poverty,” Ramaphosa told thousands of ANC members packed into a stadium in East London.

Ramaphosa further said that he will rebuild unity and renewal in the party and alliance, revitalising the economy and fighting state capture and corruption.

Ramaphosa used the platform – which marks the ANC’s 106th birthday celebrations and allows the party’s National Executive Committee to declare its annual message to party members – seemingly to highlight his goals as ANC president.

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