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Quote by Thabo Mbeki

“For instance with regard to tourism, that we should be able to target people who are interested in investing in the tourism sector and explain that this is the size of the market, these are the incentives in this particular area, this is the capacity, this is what is needed.”

Quote by Thabo Mbeki

Author

Thabo Mbeki is a prominent South African politician who served as the President of South Africa from 1999 to 2008. He dedicated his political career to promoting democracy and economic development in South Africa and actively participated in African continental political affairs. more

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“You need to be able to do that to market these possibilities to these specific investors who would be interested in a sector of that kind. It's what would be normally done by anybody with regard to attracting investment to particular sectors of the economy.”

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“If you look for instance at the automobile industry, part of the reason that you have the expansion of that sector, is precisely because we have gone out to talk to the automobile companies to explain government policy with regard to that sector, to talk to them about the MIDP and things like that. And indeed, it has been a very important part of attracting those investors to put in money in the South African economy and build motorcars in South Africa.”

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“You can see now with all the assurance that people have about the overall general management of the economy, they then ask more specific questions that we are able to answer.”

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“We identified various sectors of the economy, which we said were growth sectors. I have mentioned tourism. We said, for instance, agro-business. We grow a lot of food and fruit and things like that. It must be possible to process those.”

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“We are a very big mining country and historically have been exporters of raw minerals. There is no particular reason why we should not be processing those further.”

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“For an investor who is sitting in the United States, and South Africa is very far from the United States, you need to go out to that investor to say, these are the possibilities in this particular sector.”

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“I must say also, that we are not talking just about foreign investors.”

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“The principal investors in the South African economy are South Africans. And this is something, I think, we should really pay attention to.”

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“There is a tendency just to talk about foreign investors. Over 80 per cent of new investment in the South African economy is South African and therefore the engagement of the South African investor is also a critical part of this process.”

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“Of course we run a very open economy, and therefore what happens in the rest of the world, in economic terms, obviously has an impact on us.”

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Author:Thabo Mbeki