Mr Vusi Khumalo with Oyekunle Olorunyomi from Nigeria who thanked the guest speaker on behalf of the EDP group.
The process of learning and the ability and opportunity to work in a team filled with expertise is the highlight of my career. It goes with the ability to listen, assimilate and follow those that know. Nobody knows it all.
This was according to Mr Vusi Khumalo, President of the SA Chamber of Commerce and Industry, guest speaker to participants of the Executive Development's Executive Development Programme at USB-ED.
Also Senior Manager of Strategic Stakeholder Liaison of the Transnet National Ports Authority, Mr Khumalo said that infrastructure is key in driving economic activity globally, in Africa and South Africa. One of the big challenges for Africa is the infrastructure of port systems. Reaching economies of scale is important in terms of reducing the cost of logistics. South Africa is making good headway in this regard and also in terms of logistics in the total supply chain of the continent.
Mr Kumalo also pointed out that one of the key obstacles in the trade and economic development of a country is transport which is once again dependent on infrastructure. South Africa is currently doing a lot in this regard. A great deal is also done with regard to port systems in the rest of Africa.
One of the biggest challenges in improving infrastructure is skills. This goes for formal and informal skills, and this is where the developed economies have an advantage over Africa.
Background: Mr Vusi Khumalo was one of the guest speaker addressing the delegates of the Executive Development Programme (EDP) at USB Executive Development. For more information on the programme click here.