PRETORIA– President Cyril Ramaphosa will promote South Africa as an investment destination while in London this week to attend the Commonwealth Heads of Government Meeting (CHOGM 2018) on Thursday and Friday, says the Presidency in a statement.
For South Africa, the CHOGM 2018 is an opportunity for the marketing and promotion of South Africa as an investment destination. President Ramaphosa will utilize the opportunity to engage with major investors and business leaders based in the United Kingdom,” the Presidency said here Tuesday.
The President will thus extend an invitation to leading investors and leaders of business to attend the Investment Summit scheduled for later this year.
The President left for London Monday after a media briefing where he announced the appointment of four Special Envoys for Investment who will hunt down potential investors for the country. They are former finance minister Trevor Manuel, former deputy finance minister Mcebisi Jonas, Executive Chairperson of Afropulse Group Phumzile Langeni and the Chairman of Liberty Group and former chief executive officer of Standard Bank Jacko Maree. In addition, the President appointed Trudi Makhaya as his economic adviser.
CHOGM 2018 will provide Heads of Government with an opportunity to discuss common international challenges facing the membership, including: Weak global trade and investment flows; 21st Century security threats; Increasing the resilience of small and vulnerable states facing climate change (especially its impact on oceans); and Advancing the Commonwealth’s shared values and democracy, good governance and inclusivity as set out in the Commonwealth Charter.
The Commonwealth consists of 53 members, including: 19 African members, seven Asian members, 13 members from the Caribbean and the Americas, three members from Europe and 11 members from the Pacific and meets every two years to discuss issues affecting both the Commonwealth members and the international community in general.
Source: NAM NEWS NETWORK