President Cyril Ramaphosa has urged US companies based in South Africa to continue to invest in the country. The President was virtually addressing the US-South Africa Investment Roundtable on Tuesday.
There are many new opportunities for US companies to participate in our economy as we seek to increase investment in our productive capacity.#InvestSA ?? https://t.co/wPtypufwcz
— Cyril Ramaphosa ?? #StaySafe (@CyrilRamaphosa) November 10, 2020
The roundtable discussion with US companies preceded the third annual South Africa Investment Conference that will be held from the 17th to the 18th of this month in Sandton, north of Johannesburg.
President Ramaphosa participates in the US-SA business and investment roundtable:
Let us continue to work together to strengthen the trade environment and investment climate in our respective countries.
In the wake of COVID-19, this assumes an added urgency.https://t.co/Z6kuO7GTgA
— Cyril Ramaphosa ?? #StaySafe (@CyrilRamaphosa) November 10, 2020
President Ramaphosa says the more than 600 US companies working in South Africa have been central to the country’s investment and job creation drive.
The African Continental Free Trade Area, which will come into operation in January, will have a massive impact on African economies, on trade and investment.https://t.co/VUvR4RF7qw
— Cyril Ramaphosa ?? #StaySafe (@CyrilRamaphosa) November 10, 2020
Growing domestic manufacturing is a key component of our recovery plan. Much work is underway.
We have, for example, already finalised master plans in the automotive, clothing and textile, poultry and sugar industries.https://t.co/JpHXEjr7AU
— Cyril Ramaphosa ?? #StaySafe (@CyrilRamaphosa) November 10, 2020
I want to mention here the recently concluded deal between one of our own pharmaceutical companies, Aspen Pharmacare, and two subsidiaries of Johnson & Johnson to manufacture a COVID-19 candidate vaccine here in South Africa.https://t.co/M32EnwYFnP
— Cyril Ramaphosa ?? #StaySafe (@CyrilRamaphosa) November 10, 2020
We congratulate President-Elect @JoeBiden and Vice President @KamalaHarris and the American people on your election. We look forward to working with you and deepening our bonds of friendship and cooperation. pic.twitter.com/aajOxmL8KI
— Cyril Ramaphosa ?? #StaySafe (@CyrilRamaphosa) November 7, 2020
![[File Photo] Members of the Confederation of South African Trade Unions (COSATU) march against job losses in Durban, South Africa, February 13, 2019.](https://www.sabcnews.com/sabcnews/wp-content/uploads/2022/08/cosatu-Reuters-120x86.jpg)
