South African government official invites investors

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South Africa
South Africa

South Africa is open for business with the government at work to create a conducive environment for business to operate, said the Deputy Minister of Trade, Industry and Competition Nomalungelo Gina when meeting local and international investors on Wednesday.

“The objective of these meeting is to craft a strategic path towards the re-opening, re-building, re-setting and re-employing of workers who have lost their jobs due to the red July incidents (civil unrest). Given the subdued decline in the overall economic outlook of the country, all stakeholders need to continuously engage in the prioritization and expediting of the resolution of any existing concerns in public, private and community fronts,” she said.

She said concerns raised by the potential investors would be taken to Cabinet committees so that they would be addressed.

Mahomed Omar from the private sector said they will continue to invest in the country.

“We remain resolute in our investment commitments to the people of the province and the country. Our property portfolios continue to see an exodus of businesses, through closure or seeking rental holidays. Business alone cannot afford to offer these without a direct support of relief or reduction of municipality rates and revenues. Failure to resolve these timeously will result in huge job losses and disinvestments,” said Omar.

Omar called on the government to disburse the relief package which they promised to assist with for business to recover. Enditem

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