Transforming the economy critical for Ramaphosa's dream team
8 May 2018
Cape Town – President Cyril Ramaphosa told Parliament that his investment envoys are on top of their game in notifying investors about potential policy changes, as they go on their charm offensive to attract $100bn in investment.
Replying to questions from MPs in the National Assembly, Ramaphosa said his investment dream team will spread the message that South Africa is not only open for business, but that it will prioritise inclusive growth and transformation of the economy.
In April Ramaphosa appointed special envoys on investment, including former minister of finance Trevor Manuel, former deputy minister of finance Mcebisi Jonas, former Standard Bank CEO Jacko Maree and former Afropulse executive chair Phumzile Langeni, with economist Trudi Makhaya as his special economic adviser.
Ramaphosa said this would also serve as part of an ambitious investment drive in preparation for a conference that will take place later this year. He said the economy is being well managed, and the rand is strengthening as South African bonds are the best performing among developing economies.