Japan to increase investment in SA
- Wednesday, 10 February 2016
- By South African Government News Agency
Pretoria - Mineral Resources Minister Mosebenzi Zwane has welcomed a commitment by the Japanese government to increase its investment in South Africa, despite the current downturn in the global economy.
"We are encouraged by the continuous support from the Japanese government and companies, and that they are prioritising South Africa," Minister Zwane said on Wednesday.
On Tuesday, he met with Parliamentary Vice Minister of Economy, Trade and Industry, Tsuneo Kitamura, on the sidelines of the Mining Indaba in Cape Town.
"It gives us confidence that our country remains a preferred investment destination. Investors are taking a long term view and are not discouraged by the current downturn in the cycle,” Minister Zwane said.