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SA Tomorrow Investment Conference in US to drive investment into SA

The JSE and its partners, UBS, Standard Bank and Old Mutual, are hosting the 7th Annual South Africa Tomorrow Investor Conference in New York next week to showcase South African institutions and listed companies to investors in the US.

Finance Minister, Tito Mboweni, and Public Enterprises Minister, Pravin Gordhan, will join several top South African executives to engage current and potential international investors in South Africa on the opportunities the country offers.

Leila Fourie, CEO of the JSE, says that while business leaders are cognisant of the challenges the country faces, they believe South Africa is still an exciting investment destination. “South Africa is an emerging market with a twist – our economic diversity means there are a range of investment prospects, and we have a financial and legal infrastructure that compares with the best in the world.”

In addition to an investment case, investors also look for policy certainty and effective execution of plans. The delegation is expected to showcase the significant progress the country has made in efforts to revive the economy, address its challenges as well as the much-needed structural reforms that are in the pipeline.

SA Tomorrow is the single most important opportunity we have to present South Africa’s investment case to the North American investment community,” says Sim Tshabalala, Chief Executive of the Standard Bank Group. “South Africa is emerging from a difficult decade. The momentum of reform is beginning to pick up. We’re confident that the economy will begin to accelerate over the medium term, and that well-informed investors will be well rewarded for their confidence in our economy. We’re going to New York to make our case as SA Inc. We want to ensure that investors have all the information they need to invest with confidence, and therefore to stimulate growth and job creation in South Africa and throughout the continent,” says Tshabalala.

“SA Tomorrow opens the door to a world of opportunity for informed investors and serves as a powerful catalyst for growth and development at a crucial time for South Africa,” says Old Mutual interim CEO, Iain Williamson.

“We look forward to driving home the message to this important international audience that despite the challenges, South Africa remains an exciting investment destination, with the stability, innovation and strength of our financial institutions shining through and forming the bedrock for future success.

“We are confident that through initiatives like this, meaningful partnerships can be forged which accelerate growth, contribute to broader social upliftment and lead to higher levels of financial inclusion.”

Fourie believes that it is important for South Africa’s public and private sectors to come together to speak to investors about what they see as the country’s prospects and what they are doing to enhance these. “Investors want to hear from government and business how they plan to put South Africa on the right growth track. This event gives them the opportunity to ask both of us the tough questions.”

As Africa’s largest stock exchange, the JSE plays a crucial role in providing international investors with an efficient entry point not only into South Africa, but to the rest of the African continent. “The JSE is well-placed to enhance trust and confidence in the country and its financial system by providing credible, secure and well-regulated markets. We believe strongly in South Africa’s potential and it is our mission to work with our partners to help drive our economy forward,” concludes Fourie.

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