Cyril’s $100billion target will be reached in a year – Prof Anil Sooklal

Professor Anil Sooklal, South African BRICS ambassador, speaking at a BRICS roundtable event at the Richards Bay Industrial Development Zone this afternoon, 17 July 2018. Picture: ANA

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



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