UK package deal aims to attract investors, create jobs for SA

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President Cyril Ramaphosa and British Prime Minister Theresa May have agreed on a package of 50 million pounds (R857 million), new United Kingdom funding across the next four years to help South Africa improve its business environment.

The funding is to make it more attractive to investors including in the UK, to create jobs and opportunities in South Africa.

Ramaphosa later addressed other Commonwealth leaders at a banquet in London to mark the opening of the Commonwealth Business Forum.

The President’s office says the forum involving leaders from around the world will be an opportunity for South Africa to promote investments opportunities; lobby for South Africa’s candidature to the UN Security Council next year and promote the centenary of the birth of President Nelson Mandela.