Deputy President Paul Mashatile called on UK entrepreneurs and companies to establish a presence in South Africa.
This comes just as Mashatile continues his tour of the UK in order to help bolster trade and investment between the United Kingdom and South Africa.
The deputy president told UK investors that South Africa could be used as a great way to penetrate the rest of the African market.
“South Africa is often referred to as a gateway to the African market and offers several economic opportunities. I officially encourage UK businesses to visit our lovely country for business objectives as well as tourists to appreciate the beauty of our country,” Mashatile said.
He argued that together, the UK and South Africa can build a stronger, more prosperous future for both nations.
Furthermore, Mashatile stressed the importance of collaboration between these two regions and stressed that entrepreneurs are the keys to unlocking new opportunities in the financial sector of these two countries.
“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,” he said.
“By working together with our industry partners, regulators, and stakeholders, we have been able to drive positive change, innovate our products and services, and create value for our customers.”
Lastly, the deputy president wanted to inform all potential investors that SA has committed itself to creating an enabling a robust business environment that attracts investment, spurs economic development, and creates more job opportunities.
“We understand the significance of collaboration with countries like UK, which share our values and aspirations for a better future.
“We must identify measures to expedite international trade and investment. I firmly believe that we have the potential to significantly boost the volume and value of various products, including those produced,” he said.
IOL BUSINESS