BANKING SUMMIT
Cas Coovadia, The Banking Association:
‘Banks in particular are willing to explore
innovative ways of funding infrastructure,’
stakeholders including banks. We need to come up with plans to
finance and maintain it. Many skills exist in the banking sector
and we need to put our heads together and think out of the box
to create sustainable development that will create sufficient jobs,’
said Nene.
Sihlalo Jordan of Deloitte said that the true cost of the infrastructure is going to be commitment by government and the private
sector in making sure that the NDP is a success. He said the main
challenge will be to understand the South African population and
their needs to create a social investment plan that will create jobs
and make sure that people do business in South Africa.
Andre Smit, Senior Policy Advisor at the Association for Savings
and Investment South Africa (ASISA), said that all stakeholders involved in the implementation of the NDP needed to regulate stability and promote healthy investing. ‘In the R700 billion we have put
into infrastructure we need to create relations that will coordinate
efforts of improving our society.’
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THE BANKER
Edition 3
Financial analyst at the Department of Public Enterprises,
Jacqueline Molisane said that the summit had played an important
role in creating a close relationship between the private sector
and government. She said this will also encourage state-owned
enterprises to commit themselves in strengthening and enhancing
the roles they play in our societies.
‘There needs to be a shift from short-term to long-term strategic
purpose of projects,’ emphasised Ravi Naidoo, group executive for
development planning at DBSA. He said that a lot of work still
needs to be done to create a long-term purpose [