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South Africa connects with UK, China, Singapore and Middle East in search of investments

15 June 2022 The Johannesburg Stock Exchange (JSE)

As South Africa seeks new engines of economic growth and job creation, the country’s investors and policymakers are casting the net wider across the global market in search of investment partners to mobilise these opportunities.

“Through collaborative efforts such as the SA Tomorrow Investor Conference, the private and public sectors must continue to reinvigorate efforts to improve the economy,” says Valdene Reddy, Director of Capital Markets at the JSE.

These will be discussed during the SA Tomorrow Investor Conference, to be hosted virtually from 21 to 23 June by the Johannesburg Stock Exchange (JSE) and joint sponsors, Absa, Citi and the Bank of China.

The South African delegation to the prestigious event includes the President of South Africa; his excellency President Cyril Ramaphosa, Finance Minister Enoch Godongwana and Reserve Bank Governor Lesetja Kganyago as well as private sector CEOs and other senior government officials.

Investors and policymakers from the United Kingdom, China, Singapore, Hong Kong and the United Arab Emirates will also participate in the conference.

Commenting on South Africa’s economic prospects, Charles Russon, Chief Executive: Absa Corporate and Investment Banking said: “Despite the headwinds facing the global and South Africa’s economy post Covid-19, we remain positive about our future in the long-term, owing to our developed infrastructure and well established institutions to withstand the short-term pressures. Hot on the heels of the recent Mining Indaba in Cape Town, the SA Tomorrow conference is another great opportunity for delegates from various sectors – business, government, labour and civil society – to reflect on current challenges and chart a way forward for our country to remain an investment destination of choice and a gateway to the continent. We are looking forward to insightful discussions with delegates, and to share our collective industry leadership, expertise and experience.”

Peter Taylor, Citi South Africa CEO says: “SA Tomorrow 2022 will testify to the resilience and agility of the South African economy which withstood the vagaries of COVID-19 and came out stronger than ever. We are delighted to partner again with the Johannesburg Stock Exchange and ABSA Bank on delivering a world class investment forum to showcase South Africa’s economic potential and investment opportunities to global investors. We are also happy to see Bank of China among top partners this year, a testimony to South Africa’s appeal to top Asian investors. We look forward to bringing the world to South Africa and taking South Africa to the world through SA Tomorrow 2022.”

Longjian Chen, Bank of China Johannesburg branch CEO says: “As the largest and premier African stock exchange, the Johannesburg Stock Exchange is the gateway to new opportunities and one of the multiple asset class market places for global investors. We are very honoured to partner with the Johannesburg Stock Exchange from this year. SA Tomorrow 2022 is believed to be an exciting and informative forum for the investors.

By sharing the expertise and experience about the opportunities and challenges, we are glad to see that it could lead a productive collaboration between different equity capital markets. We look forward to making the Rainbow Nation come closer to the world through SA Tomorrow 2022 together with other top partners in the world.”

Quick Polls

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We have watched with interest as each of the country’s large life insurers report their 2021 life claims statistics, with soaring claims and claims values. That got us thinking: how do the big life insurers compare against one another, from an IFA perspective?

ANSWER

An insurer is an insurer is an insurer
All are excellent: would not deal with them otherwise
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