Image
Icon

Directory

IconActuaries
IconAdministration Outsourcing
IconAsset Managers
IconAssociations & Institutes
IconAuditors
IconBanking
IconBBBEE Consulting and Verification Agencies
IconBusiness Chambers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconCurrencies
IconDebit Order Collection Facilities
IconEducation and Training
IconFAIS
IconHuman Resources
IconInformation Technology and Software Partners
IconInvestment Consulting
IconInvestment Fund Managers
IconLegal
IconLISPs
IconListed Equities
IconOmbud
IconParticipation Bond Managers
IconPolicy Administration
IconPolicy Trading
IconProperty Unit Trusts (PUTS)
IconPublications
IconRegulatory Authorities
IconStock Exchange
IconSurveys and Research
IconTraining Courses & Workshops
IconUnit Trust Fund Managers
IconWellness Programs
Image
  Subscribe To »

Government welcomes FDI report

Published

2017

Fri

21

Apr

Pretoria: Government has welcomed A.T. Kearney’s 2017 Foreign Direct Investment Confidence report, which indicates that South Africa is the 25th most attractive destination for foreign direct investment (FDI), the first from the African continent.

In a statement on Thursday, the Government Communication and Information System (GCIS) said improvements in short-term economic prospects and the long-term investment in the country’s manufacturing have been cited as some of the key drivers of South Africa’s improved rating on the index.

“Government is humbled by this ranking, which shows that South Africa’s strategic partnership with foreign investors is gaining momentum. The report demonstrates that our country’s blueprint on development is yielding results and requires that we strengthen this with also encouraging South Africans to save so that we balance this show of confidence through involving South Africans,” said Communications Minister Ayanda Dlodlo.

Minister Dlodlo said South Africa is considered as a gateway to Africa with lucrative value and opportunities for international investor partnerships, boasting a combination of infrastructure and an emergent market economy that gives rise to a vibrant and entrepreneurial investment environment.

This show of confidence bodes well for the country’s efforts aimed at strengthening economic relations with many regions of the world, which recently saw South Africa hosting delegations from Qatar and Estonia.

South Africa has heeded President Jacob Zuma’s call to focus on changing any negative perceptions held by foreign investors by strengthening synergies within civil society.

UK-US Investor Roadshow

The GCIS said it is optimistic that the current UK-US Investor Roadshow, led by Finance Minister Malusi Gigaba, will bolster these efforts.

“South Africa remains a destination of choice. More than 10 million international tourists arrived in South Africa this past year, a 13% increase to the previous year. This is more than the global average growth rate for the period,” said the GCIS.

SA to host Chinese delegation

Meanwhile, as part of strengthening the country’s economic diplomatic efforts, South Africa will be hosting an incoming Chinese delegation that will be led by Vice Premier Liu Yandong and Arts and Culture Minister Nathi Mthethwa on Monday, 24 April.

The delegation will be hosted at the OR Tambo Building at the Department of International Relations and Cooperation (Dirco) in Pretoria.

The visit is aimed at strengthening the people-to-people exchange pillar of South Africa’s strategic relations with China, which have largely been defined by government-to-government cooperation, business-to-business engagement.

Minister Dlodlo said South Africa welcomes the people-to-people exchange programme and views it as a qualitative advance in South Africa–China relations.

“We acknowledge that people-to-people relations are a core element of the glue that binds societies together,” said Minister Dlodlo.

 
Source: SAnews.gov.za
 
« Back to previous page Print this page » |
 

Breaking News »

Liberty announces new CEO

Liberty today announced that David Munro, the current Chief Executive of Standard Bank Group’s Corporate & Investment Banking (CIB) division and a current Non-executive Director of Liberty, will assume ...
Read More »

  

Support Services for Internal Compliance Officers

The main business of Moonstone Compliance is to provide an outsourced compliance service to FSPs in terms of Sec 17 of the FAIS Act. In addition, we render support to internal COs from a variety of registered entities, ...
Read More »

  

Oxford Business Group research available on Thomson Reuters Eikon

Distribution agreement boosts Eikon’s robust research offering with economic sovereign reports   London: Users of Thomson Reuters flagship financial platform Eikon can now access Oxford Business ...
Read More »

  

Glacier by Sanlam’s Capital Enhancer offers more certainty in unpredictable times

Glacier’s Capital Enhancer provides enhanced exposure, with uncapped upside, to global equity markets and with no currency risk – and investors’ capital is protected. The five-year, tax-efficient ...
Read More »

 

More News »

Image

Healthcare »

Image

Life »

Image

Retirement »

Image

Short-term »

Advertise Here
Image
Image
Image
Image
Advertise Here

From The Glossary »

Icon

Mutual Society:

An insurance company without shareholders. Management is directed by a board elected in most cases by holders of participating policies.
More Definitions »

 
 
By using this website you agree to the Terms of Use.
Copyright © Stoker Risk & ICT (Pty) Ltd 2004 - 2017.
All Rights Reserved.
Icon

Advertise

  Icon

eZine

  Icon

Contact IG

Icon

Media Pack

  Icon

RSS Feeds