South Africa to showcase investment opportunities to the UAE market
The Johannesburg Stock Exchange (JSE) and joint sponsors, Citi and Absa Bank are collaborating to host the SA Tomorrow Investor conference, which aims to position South Africa as a preferred investment destination for the United Arab Emirates (UAE) market.
“Investors in the UAE have shown significant interest in Environmental, Social and Governance (ESG) investments in recent months, said Leila Fourie, Group CEO of the JSE.
“The South African market, with its long history in sustainable investment data and debt products, offers attractive investment opportunities to ESG-focused investors. We look forward to engaging with the local market and presenting some of South Africa’s best corporate teams,” she added.
Prospects abound in other sectors such as financial services, technology, renewable energy and transport.
The conference will be held virtually from 17 to 18 June 2021. It will bring together institutional investors, CEOs of large listed companies, bankers, investment advisors, policymakers and financial markets regulators to deliberate on ways to unlock new and existing investment opportunities. The South African delegation will include the President of South Africa, his excellency President Cyril Ramaphosa, Finance Minister Tito Mboweni, Reserve Bank Governor Lesetja Kganyago and Public Enterprises Minister Pravin Gordhan.
“With the global disruption to markets caused by COVID-19, the investment will be vital to accelerate South Africa’s economic recovery. South Africa’s economic potential and investment opportunities are huge, and our partnership will help ensure that international investors and South African businesses are able to capitalise on trade and investment opportunities, now and in the future. I expect the conference will demonstrate what has been achieved, and establish a platform for what can be done, working in collaboration in the future,” says Citi Country Officer, Peter Taylor.
“We are very excited at the opportunity to be involved with this conference that demonstrates to international investors, that South Africa is open for business. As a leading Pan African financial services institution, we always seek to be involved with platforms that seek to build on the great investment opportunities across our continent, that drive economic growth and jobs,” said Absa CIB CEO, Charles Russon.