India-South Africa Investment Network.The inaugural reception for the India-South Africa Investment Network was held on 6 August 2024 at the Inanda Club. The purpose was to explore new possibilities which challenge global investors, with the specialists present. Mahesh Kumar, Consulate General of India in Johannesburg, welcomed guests, and said: “The India-South Africa Investment Network is an effort to bring our wider bilateral ecosystem closer.
Ashwin Lakhan, Co-head of Investment Banking at Rand Merchant Bank, remarked that the institution is bullish on India, having been in the country for a long time, and it has just recommitted to its strategy with India. Lakhan shared some points that have been learnt over the years, as they had had a mixed experience initially:It’s a fragmented market that provides many opportunities for investors;
Yunus Hoosen, Acting CEO of Invest South Africa, a branch of the Department of Trade, Industry and Competition, said there is a lot of opportunity for investment and two-way trade. However, the issue of long delays when it comes to South Africa issuing visas to Indian business leaders needs to be addressed and prioritised. “We will reform the visa regime. We will make it easier for you to come to South Africa,” Hoosen promised.
Nando’s restaurant chain has 11 restaurants in India and has recently signed up for a total of 150. India would like to see investment grow in the area of defence as well as mining equipment and banking. India has a lot to teach us about making connectivity affordable, and the economic boost a country receives from affordable connectivity can be seen in India,” Costa said.It has taken 30 years for a South African of Indian origin to hold this prestigious positionThe esteemed Professor Anil Sooklal, newly appointed High Commissioner of South Africa to India, was honoured at a special felicitation ceremony on Tuesday 6 August 2024.
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