South Africa

SA presents a “huge” investment case

According to President Cyril Ramaphosa, South Africa is ripe for opportunities in areas such as trade, investment and tourism.

The President delivered a speech at Expo 2020 Dubai in the United Arab Emirates, where Team South Africa will present its products and services to prospective consumers and investors.

The visit to the country came fresh after the SA Investment Conference received an investment pledge of at least RUB 332 billion.

“The benefits of doing business in South Africa are truly huge. We have a strong and well-regulated financial, banking and tax system, a world-class IT infrastructure, and a number of business and investor-friendly regulations and policies.

“The key is to have a ready and knowledgeable workforce who have the skills and abilities to take your business to new heights,” he said.

President Ramaphosa highlighted at the Expo that South Africa offers participation in a number of sectors – both traditional and modern.

“Our diverse industries include traditional sectors such as agriculture and agribusiness, apparel and textiles, automotive, mining, capital equipment, tourism, hospitality and manufacturing.

“At the show, we will also see our vast capabilities in renewable and clean energy, fintech, healthcare, digital technology, defense and aviation,” the president said.

He said Team South Africa’s pavilion at the Expo showcases the country’s diversity not only “in terms of the rainbow nation” but also the diversity of the economy.

“In the last six months, we have been kind to the visitors of our pavilion by presenting the rich talent, creativity and diversity of our country. There were installations in nine of our provinces about music, dance, poetry, storytelling, theater, film, design, fine arts and fashion.

“We have hosted a number of product companies since the armored vehicles commonly used in UN peacekeeping missions; for an e-mobility van that highlights our capabilities in the electric car sector; for innovative products used in agricultural processing, ”he said.

President Ramaphosa said the pavilion will also use state-of-the-art technology to deepen relationships between potential customers and South African businesses.

“Through the QR codes found on most of the products on display, potential buyers have contacted South African product manufacturers and contacted them for business opportunities.

“We are excited to have activated an e-commerce marketplace to give customers direct access to products made in South Africa,” he said.

According to President Ramaphosa, the exhibition is an important opportunity to “relaunch the global economy” following the devastation caused by the COVID-19 pandemic.

“[The Expo’s] its significance is now greater than ever as we strive to recover and rebuild in the wake of the epidemic. The founding father of our country, Nelson Mandela, once said that if people are determined, they can overcome anything.

“As South Africa, we are determined to recover from COVID-19, grow our economy and build our country. That’s why we say again, visit our pavilion to see for yourself a country on the move, a diverse and growing economy, and a people that is ready to receive, ”he said. – SAnews.gov.za

SA presents a “huge” investment case

Source link SA presents a “huge” investment case

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