SA shines at Wall Street summit

    910
    117

    Trade and Industry Deputy Minister Bulelani Magwanishe has showcased South Africa’s Black Industrialists Programme at the 22nd Annual Wall Street Project Economic Summit in New York.

    “Our Black Industrialists Programme is deliberate in the advocacy of black participation in the mainstream economy. Through this, the Black Industrialists incentive supports companies pursuing productive sectors of the economy.

    “As we contest for liberty and economic empowerment, the South African government has channelled its mandate towards developing black pioneers engaged in industrial sectors,” said Magwanishe.

    The Black Industrialists Programme is one of government’s instruments to encourage inclusive growth across all spectrums.

    Magwanishe said through the programme, government is actively engaging in partnerships that empower black entities.

    “I therefore urge minority groups, women and youth, to leverage on the opportunities available,” he said.

    During the course of the four-day summit, the Deputy Minister highlighted trade and investment opportunities in South Africa, including instruments to facilitate investments.

    “Invest SA, a one-stop shop service, is geared towards providing investors with services to fast-track projects, further assisting them with information, facilitation and aftercare. Thus, through the One Stop Shop, government aims to reduce red tape in areas concerning business registration, taxation, licences, visa and permit applications and other applicable services.”

    Globally, the US accounts for 7% of South Africa’s total exports to the world and was ranked second as an export destination for South African export products in 2018.

    South Africa will welcome a US international trade mission in August.

    “The South African government is ready to provide assistance in making the mission a success, as it [did] 25 years ago, when President Mandela and Senator Ted Kennedy coordinated the same mission,” he said.

    The mission will foster strong relations and partnerships between entrepreneurs in both countries.

    The US remains one of the key sources of foreign direct investment (FDI) for South Africa, with bilateral investments at approximately R2.2 trillion in 2016.

    Meanwhile, the Deputy Minister of Labour, iNkosi Phatekile Holomisa, who also attended the summit, said government is working hard to finalise reforms in key sectors across the South African economy.

    “As part of this plan, we are taking immediate steps to finalise reforms in key sectors like mining, oil and gas, tourism and telecommunications – all of which are sectors that have great potential for growth and employment creation,” said Holomisa.

    The summit was held under the theme ‘400 Years Later: Closing the Wealth Gap, Expanding Opportunity’.

    117 COMMENTS

    1. Asking questions are in fact pleasant thing if you are not understanding something fully,
      except this paragraph offers good understanding yet.

      games ps4 185413490784 games ps4

    2. Appreciating the time and effort you put into your
      site and detailed information you present. It’s nice to come across a blog every once in a while that isn’t the same out of date
      rehashed material. Excellent read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

    3. This is the right webpage for anybody who wishes to understand this topic.
      You know a whole lot its almost tough to argue with you (not that
      I personally will need to…HaHa). You definitely put a brand new spin on a subject that has been written about for many years.

      Wonderful stuff, just wonderful!

      Here is my website: natural skin care

    4. Definitely believe that which you said. Your favorite justification seemed
      to be on the internet the simplest thing to be aware of.

      I say to you, I certainly get annoyed while people consider
      worries that they plainly don’t know about. You managed to hit the nail upon the top and also defined out
      the whole thing without having side effect , people can take a signal.

      Will probably be back to get more. Thanks

    5. Hello! I know this is kinda off topic but I’d figured I’d ask.
      Would you be interested in trading links or maybe guest writing a blog post or vice-versa?
      My website discusses a lot of the same topics as yours and I
      think we could greatly benefit from each other.
      If you’re interested feel free to shoot me an e-mail.
      I look forward to hearing from you! Fantastic
      blog by the way!

      Look at my blog; Pussy888 Original

    6. I really like your blog.. very nice colors & theme. Did you design this
      website yourself or did you hire someone to do it for you?
      Plz answer back as I’m looking to create my own blog and would like to know where u got
      this from. many thanks

    7. I love your blog.. very nice colors & theme.

      Did you create this website yourself or did you hire someone to do it for you?
      Plz answer back as I’m looking to construct my own blog and would like
      to find out where u got this from. thanks a lot

    8. Hello, i think that i saw you visited my blog thus i came to “return the favor”.I am trying
      to find things to enhance my website!I suppose its
      ok to use a few of your ideas!!

    9. Hey there! I just wanted to ask if you ever have any
      trouble with hackers? My last blog (wordpress) was hacked
      and I ended up losing many months of hard work due to no data backup.
      Do you have any methods to prevent hackers?

    10. I have been exploring for a bit for any high quality articles or weblog posts in this sort of
      space . Exploring in Yahoo I eventually stumbled upon this web site.
      Reading this info So i am satisfied to show that I have a very excellent uncanny feeling I discovered exactly what I needed.
      I such a lot undoubtedly will make certain to don?t fail to remember this site and give it a glance on a relentless basis.
      0mniartist asmr

    11. Its like you read my mind! You seem to know so
      much about this, like you wrote the book in it or something.
      I think that you can do with a few pics to drive the message home a bit, but
      other than that, this is wonderful blog. A great read.
      I’ll certainly be back.

    12. Thank you, I have just been searching for information about this subject for ages and yours is the
      greatest I’ve came upon till now. But, what about the bottom line?

      Are you sure in regards to the source?

    13. Definitely consider that that you said. Your favourite reason appeared to be at
      the net the simplest thing to bear in mind of.
      I say to you, I certainly get irked at the same time as people consider issues that they just do not recognise
      about. You controlled to hit the nail upon the top as smartly as defined out the whole thing
      without having side effect , folks could take a signal. Will probably
      be back to get more. Thanks

    14. It’s appropriate time to make some plans for the future
      and it is time to be happy. I have read this post and if I could I desire to suggest you few
      interesting things or suggestions. Maybe you could
      write next articles referring to this article.
      I want to read more things about it!

    15. Hola! I’ve been following your blog for a while now and finally got
      the bravery to go ahead and give you a shout out from Huffman Tx!
      Just wanted to mention keep up the excellent work!

    16. scoliosis
      Good day! This is kind of off topic but I need some help from an established blog.

      Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty quick.
      I’m thinking about setting up my own but I’m not sure where to begin. Do you have any tips or suggestions?
      Cheers scoliosis

    17. scoliosis
      First off I want to say great blog! I had a quick question in which I’d like to
      ask if you do not mind. I was interested to know how you center yourself and clear
      your head before writing. I’ve had a hard time clearing my thoughts in getting my thoughts out there.
      I do enjoy writing but it just seems like the first 10 to 15 minutes tend to be wasted simply just trying to figure
      out how to begin. Any suggestions or tips? Thanks!
      scoliosis

    18. free dating sites
      Have you ever considered about including a little bit more than just your articles?
      I mean, what you say is important and all. But just imagine if you added some great pictures or videos to give your posts more, “pop”!
      Your content is excellent but with images and clips, this website could certainly be
      one of the very best in its field. Excellent blog! dating sites

    19. It’s actually very complicated in this busy life to listen news on Television, thus I only use internet for that purpose, and
      get the hottest information.

    20. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with
      the same comment. Is there any way you can remove people from that service?
      Appreciate it!

    21. You really make it appear so easy with your presentation however I
      in finding this matter to be really one thing that I think I would by
      no means understand. It sort of feels too complicated and extremely huge for me.
      I’m taking a look forward in your subsequent submit, I will try to get the dangle of it!

    22. I absolutely love your website.. Excellent colors &
      theme. Did you make this website yourself?
      Please reply back as I’m hoping to create my own personal website
      and want to learn where you got this from or exactly what the theme
      is named. Appreciate it!

    23. I am curious to find out what blog system you have been utilizing?
      I’m having some small security issues with my latest website and
      I would like to find something more safeguarded. Do you have
      any solutions?

    24. naturally like your website but you have to check the spelling on quite a few of your posts. A number of them are rife with spelling issues and I find it very troublesome to tell the truth then again I will definitely come again again.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here