Ramaphosa: ‘South Africa is open for investment’

Deputy President Cyril Ramaphosa used the 2018 World Economic Forum (WEF) in Davos, Switzerland, to assure foreign governments and international private sector investors that South Africa was open for business.

Ramaphosa: ‘South Africa is open for investment’
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A statement by the South African Presidency said that Team SA, led by Ramaphosa, used the 2018 WEF to position SA “as a leading competitive and investment-friendly destination that is open for business”.

The Presidency’s statement added that Team SA used the WEF as an opportunity to conduct meetings with British prime minister, Theresa May, Danish prime minister, Lars Løkke Rasmussen, Guinean president, Alpha Condé, Zimbabwean president, Emmerson Mnangagwa, and Mauritian president, Ameenah Gurib-Fakim.

These meetings were reportedly aimed at forging mutually beneficial partnerships between SA and members of the international community.

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“The South African delegation to the World Economic Forum 2018 has been assuring partner governments, investors and finance institutions that South Africa is politically stable, that the country is improving governance of state-owned enterprises and that investment opportunities are plentiful,” the Presidency’s statement said.

Under the 2018 theme of “Creating a Shared Future in a Fractured World”, Team SA also reportedly highlighted to international investors and trade partners that the SA government was working with the country’s business and labour sectors to “ensure an improved economic outlook and nurturing for a higher economic growth trajectory”.

Ramaphosa was supported at the WEF by the ministers of various government departments, including minister of economic development, Ebrahim Patel, and minister of trade and industry, Rob Davies.