Home  »  Articles   »   Ramaphosa Appoints Special Envoys on Investment

Ramaphosa Appoints Special Envoys on Investment

November 6, 2019

The Presidency

6 November 2019

President Ramaphosa has appointed additional Special Envoys on Investment.

In a statement, the presidency added that a dedicated Investment and Infrastructure Office has also been set up in the Presidency.

In April 2018, four Special Envoys on Investment were appointed by the president to “promote South Africa as an investment destination, facilitate resolution of administrative hurdles to investment and engage both domestic and foreign investors on the opportunities that exist in the country”.

In terms of the new special envoys, Jeff Radebe will drive investment promotion in the energy sector with particular focus on oil and gas while Derek Hanekom and Elizabeth Thabethe will both be responsible for mobilizing investment in the tourism sector.

The Investment and Infrastructure Office will be headed by former Gauteng MEC for economic development, Dr Kgosientso Ramokgopa.

“The office will be responsible for developing the country’s investment strategy, refining the institutional infrastructure for investment mobilisation, and establishing an investment
 intelligence capability.”

According to the presidency, the office will also enable the presidency to oversee coordination between all structures dealing with infrastructure development, including the Infrastructure Fund.

“This will allow the Presidency to monitor progress and address blockages in priority infrastructure projects and the private sector projects identified through the Investment Conference.”

A Presidential Advisory Council on Investment, consisting of persons with expertise in investment and development facilitation, will also be announced soon.

“This council will advise on government’s investment strategy and promote improved collaboration with the private sector, development partners, investment agencies and other social partners.”

Meanwhile, the Tshwane Automotive Special Economic Zone has been launched.

Speaking at the launch, president Ramaphosa described the SEZ as “yet another affirmation of growing investor confidence in our country”.

He added that it will also facilitate job creation, support local businesses and spur growth in Tshwane’s economy.

The SEZ flows from partnerships between the trade and industry department, the Gauteng provincial government, the City of Tshwane and the Ford Motor Company of Southern Africa.