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Ramaphosa addresses Financial Times Africa Summit

14 October 2019 4:18 PM
Tags:
President Cyril Ramaphosa
6th annual Financial Times Africa Summit

EWN UK Correspondent Gavin Grey and EWN reporter Nthakoana Ngatane share details on the president's opening speech.

President Cyril Ramaphosa has delivered his opening address at the 6th annual Financial Times Africa Summit.

Ramaphosa is in London to in the hopes of convincing business people, investors and decision makers that there are business opportunities in Africa.

Eyewitness News (EWN) UK Correspondent Gavin Grey reports.

I think he certainly gave it a good hand...his message was meant for a much wider audience, the businessmen and women in the square mile of London, the moneyed people.

Gavin Grey, UK correspondent - EWN

The questions following his speech actually did ask him about Moody's, which is the only surviving major rating company still to assess South Africa's debt at investment grade.

Gavin Grey, UK correspondent - EWN

He said that I think Moody's would be quite pleased with what he had to say, that was his own response. There is definitely that confidence element that he is hoping, the investment message is definitely out there.

Gavin Grey, UK correspondent - EWN

Click on the link below to hear the full report...

EWN reporter Nthakoana Ngatane says the president's message was geared towards promoting the Africa Free Trade Area.

He says what Africa wants to do now is to increase the amount of trade among itself into Africa trade, to increase from what it is now to about 25% in 2040.

Nthakoana Ngatane, Reporter - EWN

The other message he came through with is that African leaders are coming together to ensure that they craft their own destiny, in other words countries that have been fuelling conflict on the continent are no longer welcome.

Nthakoana Ngatane, Reporter - EWN

Click on the link below to hear Ngatane's full report...


14 October 2019 4:18 PM
Tags:
President Cyril Ramaphosa
6th annual Financial Times Africa Summit

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