Ramaphosa to step up investment drive as he embarks on China state visit

2018-09-01 08:36
President Cyril Ramaphosa. (Themba Hadebe, Pool, AFP)

President Cyril Ramaphosa. (Themba Hadebe, Pool, AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories


WATCH: Theresa May welcomed to SA by Ramaphosa

2018-08-28 18:01

President Cyril Ramaphosa and British Prime Minister Theresa May have made a renewed commitment to forge a closer partnership between South Africa and the United Kingdom. WATCH

President Cyril Ramaphosa on Friday departed for a State visit to the People's Republic of China (PRC), hosted by Chinese President Xi Jinping in Beijing.

"The President will position South Africa as an attractive destination for Chinese investors while facilitating opportunities for South African enterprises to engage in the Chinese economy through trade and investment," spokesperson Khusela Diko said in a statement early on Saturday morning.

Ramaphosa's visit to the PRC was at the invitation of President Xi Jinping and reciprocates President Ramaphosa's hosting of his counterpart on a State visit on the eve of the Brics Summit in Johannesburg on July 24.

Ramaphosa would take the opportunity during his visit to step up his drive to attract investment in the South African economy to stimulate inclusive growth and employment, Diko said.

During his visit, Ramaphosa will also meet with Premier Li Keqiang and attend the welcome ceremony hosted by President Xi Jinping at the Great Hall of the People, as well as attend and co-chair the Forum on China-Africa Cooperation Summit on September 3-4.

Diko said the visit will commence with Ramaphosa laying a wreath at the monument of the people's Heroes in Tiananmen Square, in remembrance of those who lost their lives in the Chinese people's wars for independence and freedom.

The rand has been increasingly erratic over the last month, and faces a 9% drop during its worst monthly performance in over two years.

The notoriously volatile currency has traded between R13.18 and R15.55/$ during August amid thin liquidity, with many northern-hemisphere market participants on summer vacation.

Diko added that Ramaphosa was hoping to mobilise Chinese financing for infrastructure development and promote South Africa as a desirable tourism destination.

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

Read more on:    xi jinping  |  cyril ramaphosa  |  china

Inside News24


Matric Results are coming soon!

Notify me when results become available

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.