South Africa saw a dip in foreign direct investment in 2019 compared to the previous year, with inflows falling to 66.8 billion rand ($3.78 billion) from 72.1 billion rand, the central bank said on Tuesday.
President Cyril Ramaphosa has announced that he will be appointing an investment and a state-owned entities council. Ramaphosa made the announcement at the first sitting of his Presidential Economic Advisory Council.
Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, a deal that would also see the smaller firm invest in Japan’s top automaker, two people with direct knowledge of the matter said on Friday.
President Cyril Ramaphosa will use the G7 Summit to market South Africa as an investment destination. The president is currently in France on a working visit to the summit.
South Africans need to have a proper financial plan that will help them retire comfortably.
SABC © 2020
