South African government has assured international investors that the renewed drive for accelerated radical economic transformation will not serve as a deterrent to foreign direct investment.
This comes as the Emir of the State of Qatar, Sheikh Tamin Bin Al-Thani, concludes his two-day state visit to South Africa.
The Emir is on a mission to strengthen bilateral trade and investment between Doha and Pretoria.
Qatar is South Africa's seventh largest trade partner in the Middle East region.
Bilateral trade between South Africa and Qatar is valued at just above R7 billion.
Petro-chemical giant Sasol is the only South African company which has entrenched its investment presence in the Qatari energy market.
President Jacob Zuma and Sheikh Tamin Bin Al-Thani reviewed progress on the implementation of short-term trade and investment projects in the fields agriculture, tourism, defence and the oceans economy.
The plunge in the oil prices has forced the oil-rich Gulf State to diversify its economy.
The South African government is positioning itself as the preferred African investment destination for Qatar's multi-billion rand trade deals.
Addressing the Qatar-South Africa business forum, Small Business Development Minister Lindiwe Zulu, moved to calm fears over concerns that the planned radical economic transformation will erode investor confidence.
“May I take this opportunity to say that when we talk about Radical Economic Transformation others think what's the meaning of it. This should not scare our investors, your investments will be safe. We will make sure that your investments are protected.”
Qatari Economic Development Minister Sheik Ahmed Bin Jassim Al-Thari has urged South African companies to use the Gulf State's strategic location as a gateway to the Middle Eastern, Asian and European markets.
“Qatar can be a gateway for South African products in the free trade zone. Qatar investors can invest more in South Africa's competitive sectors like tourism, agriculture and other sectors.”
President of the Black Business Council, Dr. Danisa Baloyi, has welcomed growing trade and investment ties between South Africa and Qatar.
“We have resources that could turn this country around. If we begin to interact with countries like them we will learn how possible to succeed because we have resources.”
About 6 000 South Africans expatriates work in various sectors in Qatar.
This comes as the Emir of the State of Qatar, Sheikh Tamin Bin Al-Thani, concludes his two-day state visit to South Africa.
The Emir is on a mission to strengthen bilateral trade and investment between Doha and Pretoria.
Qatar is South Africa's seventh largest trade partner in the Middle East region.
Bilateral trade between South Africa and Qatar is valued at just above R7 billion.
Petro-chemical giant Sasol is the only South African company which has entrenched its investment presence in the Qatari energy market.
President Jacob Zuma and Sheikh Tamin Bin Al-Thani reviewed progress on the implementation of short-term trade and investment projects in the fields agriculture, tourism, defence and the oceans economy.
The plunge in the oil prices has forced the oil-rich Gulf State to diversify its economy.
The South African government is positioning itself as the preferred African investment destination for Qatar's multi-billion rand trade deals.
Addressing the Qatar-South Africa business forum, Small Business Development Minister Lindiwe Zulu, moved to calm fears over concerns that the planned radical economic transformation will erode investor confidence.
“May I take this opportunity to say that when we talk about Radical Economic Transformation others think what's the meaning of it. This should not scare our investors, your investments will be safe. We will make sure that your investments are protected.”
Qatari Economic Development Minister Sheik Ahmed Bin Jassim Al-Thari has urged South African companies to use the Gulf State's strategic location as a gateway to the Middle Eastern, Asian and European markets.
“Qatar can be a gateway for South African products in the free trade zone. Qatar investors can invest more in South Africa's competitive sectors like tourism, agriculture and other sectors.”
President of the Black Business Council, Dr. Danisa Baloyi, has welcomed growing trade and investment ties between South Africa and Qatar.
“We have resources that could turn this country around. If we begin to interact with countries like them we will learn how possible to succeed because we have resources.”
About 6 000 South Africans expatriates work in various sectors in Qatar.
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