Jacob Zuma woos Canadians

2013-05-21 16:19

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South Africa offered good opportunities for Canadian investors, President Jacob Zuma has said.

Speaking to journalists today after talks with Canadian Governor General David Johnston, Zuma said he was pleased economic co-operation had featured strongly during their discussions.

“South Africa continues to seek partnerships in foreign direct investment.

“We believe South Africa offers good prospects for countries like Canada, and I believe that after your visit you will help promote investments in South Africa by Canadians,” Zuma said to Johnston.

Prospects for co-operation in the mining sector were particularly good.

“I also believe that we can strengthen our relationship in the mineral resources sector and develop a robust mining industry where we have seen a reduced corporate tax rate and more clarity of government policy,” he said.

The entire African continent would benefit from increased Canadian investment.

“We also urge support for infrastructure development in the African continent, especially the North-South corridor that I have been asked to champion by my African brothers and sisters in the African Union,” Zuma said.

The president noted South Africa and Canada shared strong ties, which were rooted in the North American country’s role in pressuring the apartheid regime to negotiate.

Since then, Canada had supported South Africa’s inclusion in a number of global institutions, including the World Trade Organisation.

“Many of you will remember that South Africa’s Constitution and Bill of Rights draws heavily on Canada’s Charter of Rights and Freedoms,” he said.

Johnston is on an official state visit to South Africa.

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