President Ramaphosa shares South Africa’s dynamic political, economic and investment climate with 20 – 20 Investment Association in a meeting
President Cyril Ramaphosa has today, Wednesday 19 October 2022, met with the leadership of 20 – 20 Investment Association at the Union Buildings in Pretoria.
The aim of the meeting was to afford President Ramaphosa and opportunity to share with the leadership of the Association his views on South Africa’s dynamic political, economic and investment climate.
The meeting was convened in the context of South Africa’s Economic Reconstruction and Recovery Plan with a long term objective to restore the country’s economy to inclusive growth.
20 – 20 Investment Association is a non-profit association of global leaders in the financial industry dedicated to learning about investment climate in emerging markets and has a collective membership representing nearly US$8 trillion in investment capital.
South Africa’s black women empowerment group WIPHOLD led by Ms. Gloria Serobe and Louisa Mojela is a member of the association.
Amongst others, the meeting received various inputs from representatives of the Association and the President led discussions ranging from the country’s economic growth; energy security; food security and the global economic situation.
President Ramaphosa emphasised the significant opportunity for private capital to invest in South Africa’s energy transition.
“As we have shown, long-term asset managers and investors will be able to contribute to sustainable clean growth in the fields of renewable energy generation and transmission.
There is also great investment potential in the development of the electric vehicle manufacturing sector and the generation of green hydrogen for local industrial use and export,” said President Ramaphosa.
President Ramaphosa was accompanied by Ministers Ebrahim Patel and Pravin Gordhan, and Deputy Minister David Masondo.
Source: The Presidency Republic of South Africa