A BRICS roundtable gathering heard that the President Cyril Ramaphosa is a South Africa’s greatest salesman and that his leadership style attracts investments.
Ramaphosa set a target of $100 billion in local and foreign investment in boosting the economy is modest said Prof Anil Sooklal.
Sooklal who is the South African ambassador of BRICS said “The $100 billion is a modest target. I believe we will reach that in a year,” He is also the deputy director-general for Asia and the Middle East at the Department of International Relations and Cooperation (Dirco).
Sooklal spoke at a BRICS roundtable discussion with captains of industry at the Richards Bay Industrial Development Zone this afternoon. The event was a precursor to the annual BRICS Business Council meeting taking place in Durban from July 22 to 23, hosted by South Africa.
It was reported last week that Ramaphosa on a state visit to Saudi Arabia and the United Arab Emirates (UAE) last week, he secured a $10 billion minimum investment from the Saudis and another $10 billion from the UAE.
“The Chinese ambassador has said he wants to bring at least $30 billion during the investment summit, and I am sure this will materialize,” said Sooklal. China’s president will be attending the BRICS summit in South Africa.
Source: The Citizen