SA is still an investor’s dream
Minister believes investments contribute significantly to the country's national goals of growing the economy and supporting socio-economic development.
MINISTER in the Presidency, Jeff Radebe believes South Africa has proven itself to be a investment destination which consistently attracts some of the world’s top businesses to its shores. He cited a number of high-profile international brands, who have announced their expansion into the country, as being one of the major factors in his assessment.
“Their decision to invest in a country is not simply decided on the roll of a dice. This is a strong vote of confidence in the economy and our future economic prospects.It demonstrates that government is hard at work to support the economy and is a solid signal to rating agencies that our investment grade status is solid,” he said.
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He added US coffee franchise Starbucks also entered the South African market and plans to open more than 20 stores across the country.
“In another exciting investment in the automotive sector, Japanese car maker Toyota plans to build its new Toyota Hilux and Fortuner at a manufacturing plant in Durban. BMW has begun construction of a new, state-of-the-art body shop as part of a massive R6-billion investment in the country.
“South Africa is also a frontier for new sectors of investment such as the green economy, oil and gas, shipbuilding and the oceans economy. We must should never lose sight of the positive attributes that make our country an investment destination of choice. Let us use every opportunity to profile South Africa and share our lucrative investment offerings with the world,” he said.
