Geingob happy with SA's peaceful elections

08 May 2014 16:10pm
WINDHOEK, 08 MAY (NAMPA) – Prime Minister Hage Geingob says he is satisfied with the manner in which South Africa conducted its fifth democratic elections on Wednesday.
Over 25 million South Africans went to the polls in that country’s general elections.
“I am grateful that South Africa has conducted peaceful and well-managed democratic elections,” Geingob said during the launch of the 2014 Namibian Business and Investment Climate (NamBIC) survey in the capital on Thursday.
He said this creates a good business environment for South African businesspeople and foreign investors alike.
The NamBIC survey provides important information on economic governance and other determinants of the international competitiveness of Namibia’s business and investment climate.
Government actively sought foreign investment as a way to develop the economy, generate employment and boost foreign exchange earnings.
The Prime Minister also pledged the government's commitment towards the establishment of Namibia's first Industrial Policy, which will guide government in achieving its objectives of commodity-based industrialisation.
“As Government, we have taken on the responsibility to ensure that Namibia's corporate laws match up to international standards, that the regulation of our stock exchange comes up to the expectations of global investors, and that our banking and financial sectors are examples of both efficiency and stability,” he stressed.
Geingob added that Government will continue building a climate which attracts investment, encourages and rewards innovation and establishes fair and effective regulatory institutions and legal processes.