Transnet CEO on role of infrastructure in economic development

At the 2017 World Economic Forum in Davos, Switzerland, CNBC Africa had the opportunity to sit down with Siyabonga Gama, the Group Chief Executive Officer of Transnet, to discuss the role of infrastructure in economic development. Gama highlighted the importance of projects like the Durban Port 13 and 14 project, showcasing Transnet's ability to be a reliable partner in infrastructure development. With a focus on executing projects efficiently and collaborating with businesses, Gama emphasized the need for inclusive economic growth through infrastructure investment. Discussing the shifting global dynamics and the rise of anti-globalization sentiments, Gama stressed the significance of infrastructure in driving economic growth and creating opportunities for a wider range of participants in the economy. In light of South Africa's high youth unemployment rate, Gama acknowledged the government's efforts to address this issue through initiatives like the creation of job opportunities for the youth. He emphasized the importance of empowering the youth through skills development, education, and entrepreneurship to break the cycle of stagnation in the economy. Gama also reflected on the World Economic Forum as a platform for discussions on poverty eradication, inclusive trade practices, and social inclusion. While acknowledging criticisms of elitism at such forums, he noted a positive shift towards greater social representation, with church and union leaders participating in discussions on global issues. Gama highlighted the importance of broadening participation and ensuring that diverse voices are heard in shaping economic policies. Overall, Gama's insights underscored the critical role of infrastructure in driving economic development, fostering social inclusion, and empowering the youth to contribute meaningfully to the economy. As the CEO of Transnet, he emphasized the need for strategic partnerships, efficient project execution, and a holistic approach to addressing the challenges of today's global economy.