Investing in South Africa
South Africa's minister of finance, Pravin Gordhan, and representatives of the Reserve Bank, business and labour embarked on an international roadshow last week to pass on a single message to investors: the country is stable and has healthy economy, able to overcome challenges.
Ahead of the Mining Indaba, Mineral Resources Minister Mosebenzi Zwane emphasised that despite labour, revenue and social challenges in the industry, the future of mining in South Africa was still bright. Progress had been made to save jobs and address transformation, he said.
A South African start-up, referred to as the Uber of professional cleaning services, has secured
R10-million in venture capital funding from the entrepreneurship incubator, the Vumela Fund, and
First National Bank. It's not the first time SweepSouth has caught the eye of investors.
The African Securities Exchanges Association will hold its annual conference in Johannesburg
later this month, where discussions will explore the future and evolution of African stock
markets. The conference will also look at the value of integration, as well as sustainability.
Deputy President Cyril Ramaphosa is expected to visit Iran to re-establish trade ties and formally
authorise the formation of the Iran and South Africa Joint Business Council. South African exports
to Iran fell from R1.5-billion in 2007 to R250-million in 2014; oil imports also declined.
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