Ramaphosa’s Investment Drive Touches Down in UK

Riyaz Patel

President Cyril Ramaphosa’s investment drive has touched down in the United Kingdom.

His two-day UK working forms part of his quest to secure R1.2tn in new investments into South Africa over the next five years.

Ramaphosa is scheduled to deliver the opening keynote address at the 6th Financial Times Africa Summit on Monday 14 October at the Claridges in London.

The Summit brings together expert speakers, entrepreneurs, potential investors and innovators to discuss business, investment as well as political and cultural environment in Africa.

The president is expected to engage investors and business leaders on the sidelines of the Summit.

Ramaphosa’s UK visit comes as preparations gather pace for the second South Africa Investment Conference seeking to mobilise investment towards the president’s target of R1.2tn in new investments over the next five years.

This year’s theme, ‘Africa in Motion’ sees special emphasis on youth, women, entrepreneurs, scientists and artists and innovation.

The overarching theme is that “Africa’s home-made solutions are becoming more relevant as the continent takes its destiny into its own hands”.

The Minister of Small Business Development, Khumbudzo Ntshavheni and Presidential Special Envoy on Investment, Mr Mcebisi Jonas is part of the delegation.