Ramaphosa calls Qatar meeting a success; looks forward to increased investment

President Ramaphosa recently concluded his meeting with Emir Sheikh Tamim bin Hamad Al Thani of Qatar, and deems his visit significant for bilateral relations, as well as addressing recent developments in Israel/Palestine.

South Africa has called for an immediate and full ceasefire in Palestine, advocating for talks on a political solution to address the legitimate aspirations of the Palestinian people for statehood. The South African government has recently filed a referral to the ICC for investigation into Israel’s attacks on Gaza, calling them war crimes.

Ramaphosa highlighted five features of the South African economy from which Qatar could benefit:

1. Industrialized Economy: South Africa boasts a well-established industrial sector, including companies like Sasol and iconic brands such as Nandos and Ocean Basket.
2. Market Access: With free trade agreements in place with the EU and the UK and the upcoming African Continental Free Trade Area, South Africa offers expanded market access.
3. Critical Minerals: The African continent holds vast resources of critical minerals crucial for cleaner, greener growth, providing opportunities for industrialization.
4. Economic Reforms: South Africa is undergoing economic reforms, including restructuring the energy market and encouraging partnerships with foreign investors.
5. Stable Legal System: With a stable legal system, strong property rights protection, and a “growing pool of skilled employees”, South Africa was claimed as an ideal investment prospect

The phrase “inclusive growth” was used to describe the intended ventures in agro-processing, automotive, aquaculture, manufacturing, hydrocarbons, infrastructure, hospitality, and tourism.

This follows the recent announcement that farms that are “too white” will be barred from export to Western countries.

South Africa remains extremely low on the international rankings for ease of doing business, placing 84th out of 190 countries.