We raised the matter of an agreement that was reached at the Growth and Development Summit, which was that we should access a certain part, 5% was mentioned, of the funds in the hands of the institutional investors, domestically, for investment in the real economy. That being an agreement of the Growth and Development Summit, we will engage South African business to see how we can make that a practical thing. So, there is a different set of engagement with local business.
Thabo MbekiThis is community land that belongs to particular clans, and therefore, it must go back and its administration and the determination as to what to do, must rest in the hand of the communities. That is why you have these committees, among whose members, of course, they will be traditional leaders. You will have these collectives, which must then deal with the land, the issue of communal rights.
Thabo MbekiRead a textbook. It will tell you. These are the things for instance on the African continent that will contribute to immune deficiency, various tropical diseases because of poor infrastructure, general levels of poverty donโt get treated. Syphilis untreated or not properly treated, which as it happens is a big problem as I hear, gets treated, the symptoms disappear but in factโฆ it โฆ that impacts on the immune system. Youโve got to deal with these things.
Thabo MbekiThe point we are making is that the general global messages have been communicated, about the politics of South Africa, about the economy in general, all of these general questions. The rest of the world understands these things and are saying, let's now come to the specific things so that even we, as big corporate chiefs from around the world, can assist in these areas, which you have decided are your priority areas.
Thabo MbekiIf you look for instance at the automobile industry, part of the reason that you have the expansion of that sector, is precisely because we have gone out to talk to the automobile companies to explain government policy with regard to that sector, to talk to them about the MIDP and things like that. And indeed, it has been a very important part of attracting those investors to put in money in the South African economy and build motorcars in South Africa.
Thabo Mbeki