SA will use the Group of 20 summit as a platform to boost efforts to attract foreign direct investment into the country, minister in the presidency Jackson Mthembu said on Thursday.
According to the latest UN world investment report, investment flows in SA more than doubled to $5.3bn in 2018, but this was largely attributable to intracompany transfers by established investors. Ramaphosa will lead the SA delegation, which comprises international relations and co-operation minister Naledi Pandor, finance minister Tito Mboweni and trade and industry minister Ebrahim Patel. This year's summit will focus on eight key themes spanning the global economy, trade and investment, innovation, environment and energy, employment, women’s empowerment, development and health.
Mthembu said Ramaphosa will also lead a delegation of officials and SA business executives in a roundtable discussion with leading Japanese business leaders. The meeting will aim to promote awareness of opportunities for trade and investment in SA, address the concerns of potential Japanese business partners, and identify and develop potential trade and investment leads, the minister said.
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