PRETORIA: South Africa attracted R64.3 billion in Foreign Direct Investment (FDI) in the first three quarters of the current financial year, surpassing the target of R45 billion, says Telecommunications and Postal Services Minister Siyabonga Cwele.
Addressing media on Tuesday, he said South Africa remains a competitive business and investment destination, despite challenges in the global economy.
“For citizens, the investment means an opportunity to work, to develop their skills, earn a sustainable income and feed a family,” Minister Cwele said. He was chairing the International Cooperation, Trade and Security cluster media briefing, which was held in Cape Town.
Minister Cwele said South Africa continues with its engagements with the European Union (EU), which is its largest trading partner and foreign investor. “Over 2 000 EU companies are operating within South Africa and have created over 350 000 jobs.
