SA to attract foreign direct investment at the US economic summit
The Department of Trade and Industry (DTI) will take part in the 19th annual Wall Street Project Economic Summit beginning on Tuesday, in New York, on behalf of the South African government.
In a statement issued on Monday, the department said government would be engaging with a number of investors on different investment opportunities with the aim of increasing trade and investment, and deepening bilateral relations between the two countries.
Deputy Minister Mzwandile Masina would attend the event and is scheduled to speak at different platforms during the summit to attract foreign direct investment.
“We will be participating at the International Investment Forum on Global Economic Expansion Opportunities during the summit. The session is a follow up of last year’s Africa Investment Opportunities Forum and the recent Inaugural African Economic Expansion Summit held in Durban,” Masina said in the statement.
Masina said the forum will provide an opportunity to outline the United States trade policy towards Africa and other parts of the globe such as China and India to continuously extend their economic outlook through direct foreign investment across the globe.
The department said Masina is also scheduled to hold discussions with leading United States Film Companies on foreign direct investment in South Africa.
The Wall Street Project Economic Summit would conclude on Thursday.
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