Germany to South Africa originate from private enterprises, including global industrial giants which have been conducting operations in the country for more than a century, as well as start-ups whose first overseas venture was in South Africa.
Addressing these business leaders as “friends of South Africa”, President Ramaphosa welcomed their continuous commitment to invest in South Africa. He noted that a host of structural reforms initiated by his government across several industries, from energy to infrastructure, rail services and ports were designed to facilitate the effective operations of investors in the country.
During the discussion, the chief executives reaffirmed their continued interest in the South African market as a gateway to other economies in the African continent. They also expressed their appreciation in the country’s transition to environmentally friendly alternatives from a carbon-based economy. The digital transformation in South Africa over the recent years attracted the interest of the business leaders, particularly in the developments in identity management and vaccination passport solutions.
The parties further discussed several important reforms that could be implemented in South Africa’s agricultural sector, including technological innovation to enable greater production and the utilise energy generated from renewable sources.
