President Cyril Ramaphosa is looking to get a share of Japan’s $30bn pledged investment into the continent. Ramaphosa on Thursday called on Japanese companies to invest in SA while delivering the keynote address at the Japan-Africa Public Private Economic Forum held at the Sandton Convention Centre. In recent years, Africa’s relationship with Japan has strengthened, with Japanese foreign direct investment (FDI) quadrupling in the past 10 years. In 2016, Prime Minister Shinzo Abe announced that Japan would invest $30bn in Africa over a three-year period. "We have a compelling case for investment in SA. "Our country has stable institutions, a thriving democracy and an independent judiciary that is active and at times rules against the government," Ramaphosa said. With business and government executives from Japan and Africa present, the aim of the forum is to foster private sector-led economic growth. It is the first time the forum has been held on African soil. Since 2008, SA’s FDI h...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now