Ramaphosa to use G7 Summit to invite investment into SA

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, which is focused on eliminating inequalities globally.

His spokesperson, Khusela Diko, elaborates: “The working visit will also provide a platform for the President and accompanying members of cabinet to invite global partners to experience SA as an investment destination and a preferred trading partner. This is in the country’s efforts to secure faster, sustainable and more inclusive economic growth and job creation. The President was received by the AU Chair, President El-Sisi in a meeting of African Heads of State which includes the Presidents of SA, Rwanda, Senegal and Burkina Faso.”

South Africa and other emerging economies have been invited to attend.

On Sunday,  French President Emmanuel Macron welcomed leaders of some of Africa’s countries and top institutions to the G7 summit in Biarritz.

Macron invited the African leaders and representatives to discuss the problems facing the continent, looking to broaden the scope of the debate.

Among those present for the working session were Senegal’s Macky Sall, South Africa’s Cyril Ramaphosa and Rwanda’s Paul Kagame, as well as African Development Bank President Akinwumi Adesina and Chair of the AU Commission Moussa Faki Mahamat.

German Chancellor Angela Merkel and Macron met some of the leaders.  Merkel and Macron met with Burkinabe President Roch Marc Christian Kabore.

The G7 group includes the United States, France, Britain, Japan, Germany, Italy and Canada. The European Union also attends, along with the United Nations. – Additional Reporting Reuters


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