While a good number of South Africans are getting set again to protests against the leadership of President Jacob Zuma for aiding the junk status the country attained, the 2017 FDI index ranking crowned Mzansi the most attractive destination for investment in Africa.
BuzzSouthAfrica has confirmed that the A.T Kearney’s 2017 Foreign Direct Investment (FDI) Confidence report proclaimed South Africa the 25th most attractive destination for foreign direct investment in the world. And, the first in Africa.
The FDI index ranking indicated that South Africa earned the position due to its improvements in short-term economic prospects and its long-term investment in manufacturing.
Reacting to this feat, SA government affirmed that the country’s development plans are working-out fine. Speaking for the Government, the Minister of Communications, Ayanda Dlodlo said:
“Government is humbled by this ranking, which shows that South Africa’s strategic partnership with foreign investors is gaining momentum.
The report demonstrates that our country’s blueprint on development is yielding results and requires that we strengthen this with also encouraging South Africans to save so that we balance this show of confidence through involving South Africans.
South Africa is considered as a gateway to Africa, with lucrative value and opportunities for international investor partnerships, boasting a combination of infrastructure and an emergent market economy that gives rise to a vibrant and entrepreneurial investment environment.
(This development is a) ‘qualitative advance in the South Africa – China relations because we acknowledge that people to people relations are a core element of the glue that binds societies together”
With the above, government asked for the cooperation of various sectors on plans designed to bring meaningful expression to the notion of freedom.
Also, government is optimistic that the current UK – US Investor Roadshow led by Finance Minister Malusi Gigaba will further expand the economic benefits.
“South Africa remains a destination of choice. More than 10 million international tourists arrived in South Africa this past year, a 13% increase to the previous year. This is more than the global average growth rate for the period,” the government declared.