Zuma Tasked With Presenting SA As A Great Investment Destination While Meeting In China Today

The presidency of South Africa announced on Monday that President Jacob Zuma had arrived in Guangzhou, Guangdong province, in China, for the 2nd Investing in Africa Forum.

President Zuma’s arrival had been ahead of meetings to be held on Wednesday and Thursday where Zuma was to use the investing in Africa Forum to promote South Africa as a great investment destination for foreign companies.

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He also has the task of convincing the Chinese government that SA operates a stable democracy.

The Investing in Africa Forum was initiated by the China Development Bank, with support from the Chinese government back in 2015 to allow leaders of business, government, and international organisations to discuss investment in Africa.

Great Investment Destination

Spokesman for South Africa’s Presidency, Bongani Ngqulunga, shared details of what should be discussed in the meeting, stating that this year’s discussions would focus on agriculture and agribusiness, infrastructure development, manufacturing, trade, tourism, renewable energy, vocational training and skills development.

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Earlier, on August 29, Guangdong province had signed a memorandum of understanding with KwaZulu-Natal to promote co-operation in tourism, agriculture, sports, education, and cultural exchanges. President Zuma was accompanied on the trip by the country’s Ministers of International Relations Maite Nkoana-Mashabane and Trade and Industry Rob Davis, and Deputy Transport Minister Sindisiwe Chikunga.

With recent events Zuma has a huge task at hand in convincing China that SA is a great investment destination.

It may seem a small matter to convince the Chinese government that South Africa is a great investment destination or for that matter a stable democracy especially considering the fact that the county this year overtook Nigeria to become the biggest economy in Africa.

Great Investment Destination

Recent events involving the country’s finance minister, Pravin Gordhan, who is being investigated by the SA police force over an alleged rogue unit at the state tax revenue service – which he headed before his current stint as finance minister – however, make it a not-so-straightforward task.

Investors had been spooked when the case with the finance minister had once again been resurrected by the police force and speculations that President Zuma had a hand in stirring the pot ran rife.