Treasurer General Of ANC Accompanies PBF To London
UK business stands ready to invest in South Africa.

October 21, 2011 /24-7PressRelease/ -- UK business stands ready to invest in South Africa.

In a series of meetings arranged in London between ANC Treasurer General and business leaders by the ANC Progressive Business Forum two very clear messages emerged. The first being that South Africa is keen to attract further FDI and trade from the UK in line with the commitment of the two respective governments to double their bi-lateral trade by 2015. In the midst of the ongoing economic policy dialogue in South Africa the ANC is very clear - it aims to develop policy that promotes, rather than hinders business confidence and an environment conducive to investment, including investment in mining.

The second clear messages that emerged from discussions with financial institutions in London was that they stood ready to fund development in South Africa. There is great interest and confidence amongst the leading financial institutions in London to fund viable projects, including Public Private Partnerships (PPP). How to further leverage PPP financing was also the topic of the lunch hosted at mansion House on behalf of the Lord Mayor of the City of London, attended by a high-powered business delegation from both South Africa and the United Kingdom.

The PBF also hosted its third annual briefing event for business in London on 11 October 2011. The event, which was held at The Private Rooms of the Crowne Plaza Hotel at Buckingham Gate, was attended by about one hundred UK business people and politicians and was addressed by ANC Treasurer-General, Dr Mathews Phosa. The speech was followed by an extensive question and answer session and cocktail network interaction. The event was also attended by South Africa's High Commissioner in London, HE Dr Zola Skweyiya and the High Commissioner of Mauritius in London, HE Mr A Kundasamy as well as a delegation from the Mauritius Board of Investment (BOI), with which the PBF has a close association, headed by its Chair, Mr Morris Lam and its CEO, Mr Nitin Pandea. The South African Deputy High Commissioner, Ms Qwabe, also attended as did South Africa's Honorary Consul for the Midlands, Mr Avi Lasarow.

The headline sponsor of the event was Rev Dlamini Sitsabo, CEO of the company - Sitsabo Project Managers. The second sponsor was Mr Joe Mojapelo, CEO of the company, Tripelo.

During the visit, Dr Phosa also held a series of meetings with a number of banks and financial institutions and was received by Wendy Mead, the Sheriff of the City of London and Mr Richard Sermon on behalf of Michael Bear, the Lord Mayor of the City of London, whom Dr Phosa and the PBF hosted in Johannesburg in September 2011.
Dr Phosa also met with Mr Ian McNicol, newly appointed General Secretary of the Labour Party, (sister Party to the ANC) and with senior representatives of the Conservative Party Government.

Issued by: the ANC Progressive Business Forum
Enquiries:
Renier Schoeman cell 082 334 7713
Daryl Swanepoel cell 079 891 0173

Media Contact:
Renier Schoeman
ANC Progressive Business Forum
082 334 7713
http://www.anc.org.za/pbf/index.php

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