Currently, an influential group of leading South African business executives, key government officials, and labour representatives are in the iconic city of New York to tell the word – and most importantly, international investors – that South Africa is open for business.
Standard Bank, in partnership with the South African National Treasury, the Johannesburg Stock Exchange (JSE), Old Mutual and UBS are currently sponsoring the fourth annual SA Tomorrow Investor Conference, which takes place in the bustling US metropolis on 4 to 5 October.
The key objective of the SA Tomorrow Conference is to showcase South Africa as a key investment destination and highlight that the country is “open for business”. Progress on initiatives to achieve fiscal consolidation and structural reform will be discussed, including the country’s Nine-point Plan for jobs and growth, which encompasses:
Resolving the energy challenge
Revitalising agriculture and the agro-processing value chain
Advancing beneficiation of South Africa’s mineral wealth
Implementing a high-impact Industrial Policy Action Plan
Encouraging private-sector investment
Moderating workplace conflict
Unlocking the potential of SMMEs, township and rural enterprises
Boosting the role of state-owned companies and strengthening ICT, water, sanitation and transport infrastructure
Operation Phakisa: growing the ocean economy and other sectors
With over American institutional investors expected to attend, the event will provide a networking platform for engagement between South African policymakers, senior executives from top-listed companies and investment professionals such as Finance Minister Pravin Gordhan, SA Reserve Bank Governor Lesetja Kganyago and Standard Bank Group Chief Executive Sim Tshabalala.
To keep up with the developments or contribute to the conversation, simply follow #SAopenforbusiness on Twitter.