- Durban businessman Vivian Reddy has spoken out in support of Cyril Ramaphosa
- He said the president's election has seen increased investor confidence in South Africa
- Reddy wants to see businesses working together with government to create jobs
Vivian Reddy has said he has every confidence in President Cyril Ramaphosa.
The Durban businessman believes that having a president with a business background will be exactly what the country needs, adding that the stock market and strengthening rand seem to indicate investor confidence in South Africa.
Reddy expressed his hope that the country would continue to move upward, but added that business has a large role to play in its success.
"Business needs to work together with government to create jobs and both sectors need to work hand in hand," he said.
Briefly.co.za gathered Reddy believes that the Durban economy will be positively affected by the country's new leader, and said he can already see the impact. He hopes it could mean a boost for more residential developments.
"When there is political uncertainty, businesses hold back but now that we have political certainty in this country we believe that there will be bigger investments in the province."
According to Reddy, Durban currently has more cranes than Sandton, and he estimated there are about 45 cranes working in Durban.
"We think KwaZulu-Natal, especially the Durban area, is going to be one of the fastest growing areas in South Africa in the next five years."
Reddy expressed the need for businesses in Durban to create more manufacturing; invest in job creation, and partner with provincial government to develop education programmes.
According to Reddy, businesses are more likely to invest in the country to help grow the South Africa economy with Ramaphosa as the president, but added that it would be a big job.
"Ramaphosa has a big task on his hands and knowing him personally over the years, I believe that he has the ability to deliver."
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