Economic Development Minister Ebrahim Patel says a lot of work has gone into repairing and strengthening relations between the corporate world and government.
Government is set to host over 800 to 1,000 delegates from around the world at next week's investment summit in Johannesburg.
Two-thirds of the delegates are expected to be local investors.
The gathering will form part of President Cyril Ramaphosa’s foreign investment drive to attract $100 billion in foreign investment.
We have got the big players in the JSE, in fact if you look at the companies where the CEOs and chairpersons have registered for the conference, you are looking at firms with a market capitalisation of something of about 6.5 trillion rand.— Ebrahim Patel, Economic Development Minister
We also need to get the asset managers. So we have put a big focus on getting the people who have investible funds that can go into these large companies but also into smaller companies so that we get some traction for young people for smaller businesses because that is really where there is a lot of opportunity.— Ebrahim Patel, Economic Development Minister
We have about 25 countries already where investors have confirmed their attendance. Some big investors from the African continent. China will be well represented.— Ebrahim Patel, Economic Development Minister
Speaking on some of the concerns that have been raised around the issue of land, Patel says the conference is yet another important opportunity to indicate that government does not favor land seizures.
To make the point that a well constructed land reform programme can unlock economic value, that is part of the work that we need to do to show that there is some thought going into it.— Ebrahim Patel, Economic Development Minister
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