President Ramaphosa welcomes investment from ‘friends of South Africa’

BERLIN (CU)_Under the German Presidency in 2017, the 20 largest economies in the world initiated the G20 Compact with Africa (CwA) to promote macroeconomic, financing and business reforms with the aim of attracting private investment into the African continent. This year’s summit was co-chaired by Germany and South Africa, the latter being the only African member of the G20. During his visit to Berlin for the Summit, South African President Cyril Ramaphosa joined in a CEO Roundtable, a two-hour engagement held with senior executives from leading German firms which maintain presence in the African nation.     

At the moment, about half of investments from…

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