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South African President invites investors to explore business opportunities

JOHANNESBURG, (The Southern African Times) – South African President Cyril Ramaphosa on Wednesday invited investors to explore vast business opportunities in the country’s sectors including mining and agriculture as the government has kept improving the business environment.

Ramaphosa made the remarks at the Limpopo Provincial Investment Conference held on Wednesday and Thursday.

“As government, we are working to improve the investment climate and reduce the cost of doing business. We are undertaking far-reaching structural reforms in the energy, transport and water sectors — all of which are important for the industries with the highest potential for growth in Limpopo. We have already taken several steps to achieve security of electricity supply for the whole country,” said the president.

Ramaphosa said the country has a favorable tax regime, sophisticated financial sector to manage complex transactions and an independent judiciary able to enforce legal provisions and contracts. He pointed out that there are opportunities in mining and mineral beatification, agriculture and agro-processing, renewable and alternative energy and information and communications technology.

Limpopo Premier Chupu Mathabatha also invited investors to partner with the government in the special economic zones (SEZ) and mining sector, saying that there are opportunities in manufacturing, agro-processing, automotive, steel, pharmaceutical and logistics.

“We have placed the Musina-Makhado SEZ project as our apex priority. We therefore, continue to invite investors to partner with us in making this project a resounding success it is destined to be. I can confirm that the opportunities in the Musina-Makhado SEZ project are in abundance,” Mathabatha said. 

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