LONDON TO PROVIDE 50 MILLION POUNDS TO SOUTH AFRICA TO IMPROVE ITS BUSINESS ENVIRONMENT

LONDON– South African President Cyril Ramaphosa and British Prime Minister Theresa May have agreed on new British funding worth 50 million pounds over the next four years to help South Africa improve its business environment.

The funding announced here Wednesday is to make it more attractive to investors, including Britain, to create jobs and business opportunities in South Africa.

Ramaphosa, who is here to attend this week’s Commonwealth Heads of Government Meeting (CHOGM), later addressed other Commonwealth leaders at a banquet in London to mark the opening of the Commonwealth Business Forum.

The Presidency said in a statement that the forum was attended by leaders from around the world and was an opportunity for South Africa to promote its investments opportunities; lobby for South Africa’s candidature for election to the United Nations Security Council next year and promote the centenary of the birth of President Nelson Mandela.

Source: NAM NEWS NETWORK