Motlanthe encourages US investment in SA

2011-04-01 07:33

Deputy President Kgalema Motlanthe encouraged Americans to invest in South Africa during his visit to the United States, the department of international relations said yesterday.

“The deputy president reassured business people that South Africa, with its rich mineral resources and modern infrastructure, remains an attractive destination for trade and investment,” said spokesman Clayson Monyela.

Motlanthe concluded his working visit to the US yesterday.

“In New York... Motlanthe conducted a public lecture at New York University which he used to highlight South Africa’s unique experiences, successes and opportunities.

“[Motlanthe] also met with investors at the New York Stock Exchange to showcase South Africa as a good destination for investments and highlight opportunities created by the New Growth Path.”

Motlanthe had a meeting with the US deputy president Joe Biden, in which a commitment was made to work together to increase trade and investment between the two countries.

“The deputy president concluded his mission with a visit to Chicago where he met the governor of Illinois, Chicago Board of Trade and the Chicago Council on Global Affairs. Discussions focused on ways of growing the agricultural sector as a major driver of economic development and job creation,” said Monyela.

Motlanthe’s delegation included ministers Blade Nzimande of Higher Education, Tina Joemat-Pettersson of Agriculture, Forestry and Fisheries, Ebrahim Patel of Economic Development, and Deputy Minister Ebrahim Ebrahim of International Relations and Cooperation.

Motlanthe is expected back in South Africa today.

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