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SA mission woos Japanese investors

Source: SA Gov News, 24/09/2018

The week-long investment mission by South Africa to Japan has been
described as successful, with several companies expressing their
interest to invest in SA.
The mission was led by the Department of Trade and Industry (the dti)
and it included Presidential Investment Envoy, Phumzile Langeni and
the CEO of Business Leadership South Africa, Bonang Mohale. The
mission was part of governmentâ€™s investment drive to attract $100
billion worth of investments in the next five years.
â€œI am pleased that the many Japanese companies we met are keen to
invest in South Africa and others are interested in expanding their
investments.
â€œWe were able to address the concerns of investors about the South
African investment environment and policy. We also assured them that
the countryâ€™s investment policy development process was aimed at
bringing policy certainty in order to enhance the countryâ€™s investment
climate,â€ said Invest South Africa acting head Yunus Hoosen on Sunday.
Hoosen said the Japanese companies were also happy to hear about the
investment opportunities, programmes and incentives provided by
government to attract foreign investors to the country.
The majority of the Japanese companies were impressed by the Special
Economic Zones that offer attractive packages to investors to set up
plants in the zones located in various parts of South Africa.
Hoosen said he was encouraged by the fact that the Japanese companies
are looking at South Africa as a key location in Africa and therefore
want to expand and increase their investments to service other parts
of the continent.
â€œSome of the Japanese companies are already cooperating with us in
areas such as supplier development, empowerment initiatives and the
automotive sector, as well as in the development of our energy, ICTs,
telecommunications, water and rail infrastructure.â€
The programme of the mission included an investment seminar that was
attended by more than 200 potential Japanese investors. ï¿½` SAnews.gov.za

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