Patrice Motsepe on the importance of developing Africa’s infrastructure

African Rainbow Minerals Founder and Chairperson, Patrice Motsepe, recently shared his thoughts on the critical need for infrastructure development in Africa during the 10th Brics Summit in 2018. Motsepe highlighted the significance of investments in South Africa and across the continent, emphasizing the importance of regional infrastructure projects to drive economic growth and improve living standards. He commended the progress made by the African Union (AU) in the past five years and stressed the importance of integration and collaboration among African countries to attract investment. Motsepe also discussed the role of South Africa in facilitating partnerships with other African nations, underscoring the interconnectedness of South Africa's future with that of the continent. He praised China's efforts in partnering with African countries and highlighted the involvement of South African businesses in collaborations with Chinese companies. Motsepe emphasized the need for competitive incentives, such as export zones and tax benefits, to enhance global competitiveness and attract investors from around the world. By prioritizing regional infrastructure development and fostering partnerships, Motsepe believes that Africa can unlock its potential and achieve sustainable growth for the benefit of all its people.