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Solving the electricity challenge is vital for South Africa’s investment drive – Ramaphosa

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CYRIL RAMAPHOSA

A few days ago, I met with US President Joe Biden in Washington to discuss several issues of concern to both our countries, including peace and security, climate change and food security.

Most importantly, we discussed ways to deepen trade and investment between our two countries.

Behind China and the European Union, the United States is South Africa’s third largest trading partner and is the second largest destination of our country’s exports.

There are around 600 US companies in South Africa. And over the years an increasing number of South African companies in sectors as diverse as mining, energy, chemicals, banking, health and wellness, and luxury goods have expanded their footprint into the US.

We agreed with President Biden that we must do more to increase business between our two countries and have set up a joint task force on trade and investment to provide focus and direction

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