KZN promotes itself as ideal investment destination

Wednesday, July 25, 2018

The KwaZulu-Natal province has promoted itself as an ideal investment destination during the recent two-day BRICS Business Council meeting.

“We were able to showcase our investment opportunities and expose delegates to some of our catalytic initiatives,” KwaZulu-Natal acting Premier Sihle Zikalala said in a statement.

The acting Premier said the meeting which ended on Wednesday was a success.

“We were able to showcase our investment opportunities and expose delegates to some of our catalytic initiatives.

“During the investment session, many BRICS delegates indicated an interest in investing in the province. Local business people were also given space during the gala dinner to network; establish useful contacts and set up one on one engagement with BRICS business people,” Zikalala said.

The BRICS Business Council was attended by, among others, representative of BRICS member countries, Minister of Trade and Industry Dr Rob Davies, Chair of the South African Chapter in BRICS, Dr Iqbal Surve, Vice-President and COO of the New Development Bank Xian Zhu, as well as various business people.

“The New Development Bank indicated its willingness and readiness to support BRICS countries in pursuit of their developmental aspirations, and as KwaZulu-Natal we are poised to benefit handsomely from the bank as can be evinced in the Durban port terminal which is financed by the bank,” he said. – SAnews.gov.za

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