SACCUSA and WESGRO Meet to Boost South Africa-USA Trade Collaboration
October 16, 2024The South African Embassy will be offering a Consular Outreach in Atlanta on November 22.
November 14, 2024SACCUSA Proudly Supports the 11th Annual South Africa Tomorrow Conference in New York City this week
President of SACCUSA, Mr Neil Diamond said that he was inspired by this renewed momentum and optimism surrounding South Africa. This conference marks a crucial step in positioning South Africa on the global stage as a premier investment destination, supported by our nation’s resilience, rich resources, and commitment to reform.
The Johannesburg Stock Exchange (JSE), with partners Standard Bank, Old Mutual, and UBS, is hosting the prestigious “South Africa Tomorrow conference” in New York City, uniting South African institutions and listed companies with the U.S. investor community. This influential platform showcases South Africa’s investment potential, underscoring the nation as a strategic and vibrant destination for global investors.
Held under the theme, “Advancing South Africa’s Structural Reforms for Infrastructure Development,” the conference delves into South Africa’s promising infrastructure strategy, progress under the new Government of National Unity (GNU), and the resilience of the South African market.
Key Highlights:
• Monetary and Fiscal Policy – Updates on South Africa’s fiscal management and economic trajectory.
• Infrastructure Investment – Energy and logistics reforms essential to driving national and regional growth.
• Market Resilience and Reforms – Measures to stabilize energy, improve logistics, and address the Financial Action Task Force’s greylisting.
The event was punctuated by a powerful keynote address from Dr. David Masondo, South Africa’s Deputy Minister of Finance, who highlighted the government’s dedication to structural reform and sustainable growth. “Our commitment is clear: to build an economy that is robust, inclusive, and resilient,” Dr. Masondo affirmed. He spoke candidly about the path forward, stating, “South Africa is at a pivotal moment. We understand the challenges our economy faces, and through coordinated action and reform, we are creating the conditions for long-term prosperity.”
Dr. Masondo also addressed the importance of collaboration between government and industry, emphasizing, “We are not alone in this journey. We are engaging private-sector leaders, international investors, and our African neighbors to fortify South Africa’s position as a gateway to the continent.” His address underscored the government’s dedication to addressing logistical challenges, stabilizing electricity supply, and improving the criminal justice system’s response to financial crimes, aiming to instill investor confidence and drive meaningful economic growth.
Leila Fourie, Group CEO of the JSE, added that investor sentiment toward South Africa has shifted positively, catalyzed by recent engagements during President Ramaphosa’s visit to the U.S. for UNGA. She noted, “Investors are eager to see reforms deliver on growth and stability, and we have a compelling story to tell around progress made in key areas such as energy, visas, and service delivery.”
Let us continue to build these essential connections and champion South Africa’s growth story together! #InvestInSA #SouthAfricaTomorrow #SACCUSA #JSE