Cape Town – Deputy President Paul Mashatile has urged UK businesses to invest in South Africa, positioning the country as a gateway to the broader African market.
Speaking at a JP Morgan-hosted event in London, Mashatile highlighted the benefits of collaboration, emphasising the importance of shared expertise and resources to address financial sector challenges like cybersecurity and financial inclusion.
“Together, we can build a stronger, more prosperous future for our nations and contribute to the economic prosperity of our regions,” Mashatile said.
[Watch] Deputy President Paul Mashatile addresses the JP Morgan’s South Africa Investment Week in London #SAinUK pic.twitter.com/sA3p0TIY5e
— South African Government (@GovernmentZA) October 2, 2024
He added: “As we look around us, we see how interconnected and interdependent the global financial ecosystem has become.
“No longer can any single entity, whether it be a bank, a fintech company, a regulatory body, or a government, hope to address the complex challenges we face on its own.”
Mashatile assured investors that South Africa is committed to creating a business-friendly environment to spur economic growth and job creation.
He also noted existing trade ties, particularly in food and beverages, and encouraged further UK investment in the country.
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Compiled by Betha Madhomu
