 Wel, wrth gael eich oeddodd, dyma'n fathio i chi'n gweithio ar y ddau i gyd, a yn yn y llwyso, o'r gwaith, Oliver Caen. Oedd yn ddigonio'r rhaid i'r ffordd mediadau yng Nghymru, ac mae'r Prifysgwrs Cywr am Fhazer. Rwy'n fathio'r Prifysgwrs cymdeithasol iawn i gyd, mae'n rhaid i gyd a gwadran i'r rhaid i'r ffordd yma, felly we'n cael ei wneud yn unig ymddangos y fformat iawn. A ydych chi'n meddwl i'r cwestiynau, rydyn ni wedi'i ddweud 3 rhan o'r minister yma, i'r cwestiynau a'u gweithio ar y cyfrifioedd yma ar y ddefnyddio South Africa ar y ddigonol yma ar y ddechrau. We hope that the Deputy President will be along very, very shortly along with his colleagues. So to my immediate left, Minister of Trade and Industry Rob Davies, moving along and missing out the space in the middle, of course, Minister and the Presidency responsible for planning, monitoring and evaluation, Geoffrey Davies. And then we have Minister for Economic Development, Mr Ibrahim Patel. So let's just have a Q&A session for a bit and we'll see what happens in a few minutes. How about a show of hands? Why don't we take a get a bit of an interest as he wants to ask any questions? Can I see some hands? Okay, Mr Gentleman in the front row. We'll take three at a time. So we'll pass the microphone along. So take those three. Can you remind us, I know who you are, but remind us where you're from, sir, and your name for those of us that don't. Alechogbusnews.com. Really just an overall, well two things, one general, one specific, from a general perspective, just the difference between this year and last year, you were all three here last year, and specific from a national government perspective, the crisis with water in the Cape. Okay, so it's water in the Cape in one year to the next. Passing on to the lady at the front row. Okay, thank you. I'm a reporter with China's Taishan Media and my question is regarding a Chinese company. South Africa Parliament is investigating the tendering process of Transnet with CRRC, a Chinese railway corporation, about kickback and localisation. I'm wondering what is the latest progress and if they influence Chinese investment in South Africa in any way. Thank you. Thank you, mum. And gentlemen there in the second row, we'll do three at a time to get your questions ready. Everybody else, you're next. Chris. Sure. CNBC Africa. Simple question I have for you is what do you think is going to be the greatest challenge? You've said that you're going for policy certainty. You said you're going to deal with corruption. What else do you think you need to sort out to make sure that foreign investors keep coming back to South Africa? A good question to ask in a week that Goldman Sachs mentioned. South Africa is an emerging market story of 2018. Where do you want to start? She's over the difference between the difference a year makes. Who likes to take that question? I'm sure we'll all say something about that. I think that what we are detecting this year is a much more optimistic view about South Africa than we had last year and I think that the vision that has been enunciated by the Deputy President of the Republic and the President of the ANC and the fact that we had a stable transition and that there is now a strong commitment and by the way those of you that don't know the terms of reference of the Commission into state capture and corruption have now been published and that process will begin. I think that all of that indicates that we are beginning to get on top of some of our biggest challenges and that this is I believe and I have noticed with all the investors and significant business people that I've interacted with in the course of the last few days, they're all very welcoming of all of this and I think that that is creating a platform on which we can build and strengthen our investment relations. So let me answer just the other question about a part from dealing with the corruption, a part from a greater policy, certainly what else. I think that over the years we've been trying and against the headwinds of some of the issues that have not been adequately dealt with that I just mentioned, we've been trying to do a few things. One is to identify concretely investment opportunities in our country and then also to try to facilitate the investment experience with the establishment of a one-stop shop called Invest South Africa. In fact this year we brought the head of Invest South Africa here as well and the whole intention is that many investors, foreign investors as well as domestic investors, they will respond to an identification of concrete opportunities. They will want to know what support programs we put in place. They will want to know what the conditions and terms are in return for those and I think where we've done this and we've done it I think reasonably well in some parts of our economy already, the motor industry sector for example, where the automotive production development program has created a considerable amount of certainty which has supported a large number of investments. That has had a positive response and the one-stop shop is physically, its offices, you will see representatives of a number of government departments that will take regulatory decisions ranging from home affairs about immigration permits, the Department of Labor, the environmental affairs about environmental impact. All of those departments are represented even when they're not they're contactable online and the whole intention is to allow an investor to come to a single one-stop shop and then to have an easy passageway. You know we don't just say we'll go to this office, go to that office, go to the other office but actually there's a coordinated and single channel through, it's called investment facilitation. We've taken a concrete decision to do that and I think it's been working but I think that now we've got a better climate for some of that work to move further ahead and then lastly let me just say on the question about the parliamentary enquiries that is the portfolio committee that is dealing with the trading industry that's operating that and of course they have their own autonomy. It's not a government process, it's a parliamentary process but what they're looking into it's not any particular country or any particular contract or tender but what they're looking into is that we have a number of policies around localisation and those policies I think in the past even we can point to some successes that we have had companies that have responded and when there are contracts and tenders they have come and invested in our country and they've established manufacturing capacity but we have seen that where there are contracts and tenders that have not been the kind of contracts and tenders which have not passed muster in terms of the criteria of good governance and lack of corruption, not only have these tenders meant that somebody's pocketed money they shouldn't have done all that you know funds have gone astray and that kind of thing bad enough as that is it's also meant very often that tenders have been awarded not to local manufacturing but they've been awarded to people who've preferred imports we have a number of cases of that that's what that enquiry is doing and I think my own view of it has been for a long long long time they must do the work they must find do whatever they find the chips must for wherever they should be we don't have direct line responsibility over the state-owned companies concerned but I think that we are very supportive of greater consequence management for people that have not observed the rules including because they undermine one of the very important policy tools for industrialisation in our country. To agree with my cabinet colleague that the major difference between this year and previous years there's more confidence and hope and more coherence and cohesion within team SA I think that is driven largely about the political developments that have happened since December 2017 and also even the questions that have been posed today from investors and business people here intervals are indicating that there is more confidence in the ability of our government to ensure that we drive our national development plan as well as what our deputy president has highlighted since he arrived here the issue of a social compact between government business and other social partners to drive this program going forward. What is the main challenge? I think the statement of our governing party the ANC that was delivered by the ANC president Cyril Ramaphosa indicates the line of march what we're going to be seeing in the next 12 months the issue of jobs is on top of the agenda not only of the governing party but also is a priority of the South African government issue of small and medium enterprises and infrastructure especially its maintenance because we spend a lot of money as a South African government in the past few years but on the maintenance there are major challenges which explains why we're having some of the challenges of water in the western Cape but as a central government we are totally committed committed to working together with the western Cape government and the metro of Cape Town to ensure that we do everything within our power to deal with the water crisis there. Lastly I'd like to say as well that the confidence boosting measures that we started last day I think that beginning to bear fruit as is highlighted by the strong stance that Minister Davies has also highlighted of dealing decisively with matters of corruption as well as we've seen the action that has been taken by the national prosecuting authority even preserving the assets of those companies that are suspected of malfeasance but what is more important therefore is to consolidate all these measures going forward. Well I think my two colleagues have really said it all really just to underline emphasize we've seen a very positive mood among South African business and investors in Davies have paid attention to that they see a South African delegation that's come here that is buoyant that's confident about growth prospects for this year and I'd like to say that in our engagement with investors year it's clear to us that there's an appetite there's a growing appetite for them to either expand their operations in South Africa we met with some investors this morning and they were very clear to us they were waiting to see whether the outcomes of our political processes were consistent with their sense of sustainability and some of them have said look we're ready now to expand our operations in South Africa we see it as a great base for our markets in the rest of the African continent we're indicating we've got 25 billion dollars US dollars ready and available for infrastructure spending and that provides investors some degree of certainty that we're putting in place the physical and other platforms that they that they need to be able to expand their businesses but also that that investment itself will stimulate opportunities and partnerships so I think all of our discussions this year alike and I'm sure that in your engagement with with people here you'd have seen the same there's a positive there's a sense that we can do things but that window is available and we have to utilize that window and since you've come for Hamlet and the prince has just come in this is a good moment for me to to end and and really hand back to to you thank you very much very warm welcome to the deputy president Mr Cyril Ramaphosa very very glad to be here for you to join us so I believe with time pressing as it is and and and unfortunately that is a reality here love a few more questions perhaps with deputy prime minister if he's caught his breath would like to make some remarks and brief remarks and I should also say whilst you're catching your breath very warm welcome to minister of finance Mr Melusi Gigaba who will take a seat right at the end there please if you wish to say anything otherwise we can take questions well I think we should take questions and all I'd like to say is that I think we've had a very very successful if you like pilgrimage as a South African delegation what we call Team South Africa to Davos I think our journey here has paid enormous dividends I think we're going back home filled with a great deal of confidence of the confidence that the international investing community has in us they have demonstrated that South Africa is still an important destination for investment all the meetings that we have heard we've had nothing negative that has been said about our country and all what we've heard has been encouragement you're on the right course keep going and we applaud you for this new era that has been unleashed in South Africa and they're wishing us everything of the best that we keep to course and we follow through with the changes the reforms and the determination that they have seen us communicating the interventions that we are going to make so we go back home also with almost a backfool of investment commitments many of the business leaders that I have met here have said we are buoyed by this new mood in the country and we want to assure you Deputy President or President of the ANC that we've got this project and that project and that project on the line this is precisely what we've been hoping to hear in terms of coming to our pilgrimage here to Davos that we want to hear the investing world coming to us and telling us that your message is clear it is positive it is forward-looking and it is the type of message that we can have confidence in you are going to correct some of the missteps that you have had in the past and we believe you and we think we are able to reconnect with you and invest in your economy again so I go back home very very satisfied Deputy President of the Republic thank you sir no by my reckoning we probably have to give his room back in five minutes and let's try to get as many questions as we can I've seen three people in the front row with their hands up so if you could just give us your question and pass it along the microphone along thank you yander hinton bloomboat news so how likely is it that plans to build new nuclear power plants in South Africa will now be taken off the table okay nuclear plants off the table lady in with the white hats there thank you oh thank you minister some feedback on the implementation of the national development plan please Mr Deputy President I just want to get your reaction to the terms of reference for the state's inquiry being out today and there's a gentleman in the back for a second row there just some more details about your plans for growth and also again any comments you've got with regard to the state capture inquiry okay Deputy President I was the nuclear plant the terms of reference to state capture and plans for growth well the the nuclear plants really I mean we've got to look at where our economy is we've got excess power right now and we have no money to go for a major nuclear plant building and all of this really needs to be looked at in context and the current context that we are in and if for instance you've got excess power and you don't have the money and we have already said that this nuclear process will be looked at within the broad context of affordability and what we currently have and this is how it needs to be looked at and if in our discussions as we proceed with discussions we find that it doesn't in the end really make sense because we don't have money that is the the type of discussion that we will have with regard to the terms of reference I have not seen the terms of reference I must say I've heard that they've just come out and I need time to look at them and to study them and to see the extent to which they are going to enable the commission of inquiry to do its work effectively I know for instance that the Deputy Chief Justice has been saying that he needs those terms of reference to be out so that he can start with the work but I think the positive thing about all the state capture process is that one we are now going to go to the depths of what corruption has been taking place in our state owned enterprises I think that is a huge plus two we've got an independent judge who's going to look at all this and three this process will go along in tandem with the process that needs to be followed through by the criminal justice system of identifying those who have committed wrong and making sure that they are brought to book so the two should not be seen as you know excluding the other one the two processes will go ahead because where wrong has been committed it must be followed through and those who are found to be responsible for that must be dealt with the growth issue my colleagues can answer that one of the things that has been impeding growth is one corruption to what we've been doing with our state owned enterprises in terms of their dysfunctionality their weak balance sheets once we address that we're going to find that investors will find our country attractive for investment so investors will then come we open for investment we're dealing with the regulatory framework in our country and we're going to deal with all those issues that potential investors have raised for instance in the mining industry the mining charter is now going to be thoroughly discussed with the key role players so that we find a solution that will unlock our mining industry so that South Africa can benefit from this commodity boom we do not want to miss out on this commodity boom that is unfolding and the mining if the mining charter is holding us back then we must deal with it and find commonality of purpose and views with potential investors the other ones I think another one was directed to you minister yeah on the implementation of the national development plan as you know since 2014 we started the first five year program of implementing the national development plan with 14 outcomes starting from education health the economy social cohesion and nation building so every quarter we do make presentation to government to see how far we've gone in implementing the NDP as well as to identify obstacles that still stand in the way of doing that we've just released a mid-term review of how far we've gone since 2014 and going forward we need to accelerate the implementation of this program but we need to record as well that the success of the implementation of the NDP does not lie on government alone it requires collaboration and partnership with the private sector other organs of civil society as well as labor and the social compact that the deputy president has been talking about has to be accelerated so that we jointly ensure the success of the NDP but we are very optimistic that we are on track in terms of dealing with all the challenges but we need to focus more as it has been indicated in the state of in the general aid statement that the president of the ANC deputy president Ramos Posa indicated about two weeks ago of focusing on jobs jobs and jobs well thank you very much my colleagues are telling me unfortunately we do have to make this room available for the next the next session so i hope that's giving you a good good flavor a good good picture of the activities of Team South Africa at this meeting the priorities for you ahead thank you for joining us thank you for joining us here on the panel as well this session is now over