Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now



President Jacob Zum Cancelled UK, U.S. Investment Roadshow

President Jacob Zum Cancelled UK, U.S. Investment Roadshow

Pretoria — President Jacob Zuma has instructed Finance Minister Pravin Gordhan and his Deputy, Mcebisi Jonas, to cancel the international investment promotion roadshow to the United Kingdom and the United States and to return to South Africa immediately.

The two dignitaries were meant to embark on a non-deal international investor roadshow in the two states, starting in London in the UK today for two day, before taking the roadshow to Boston on Wednesday. They would have concluded the roadshow in New York on Friday.

The ministerial delegation included National Treasury's Director General, Lungisa Fuzile, key National Treasury officials, business and labour.

Treasury last week said it has a consistent and long standing strategy of engaging investors on a regular basis. The purpose of the roadshow is to provide an update on the most recent developments, engage constructively with investors and share government's thinking behind its latest policy proposals.

It is reported that the South African President Zuma suddenly asked the Finance Minister Gordon immediately to return to South Africa. Affected by this, the South African currency rand crashed.

The statement of the goverment said President Zuma has instructed Finance Minister Gordon and Deputy Minister Jonas to cancel the international investment promotion roadshow in the UK and the United States and immediately return to South Africa. The statement did not mention why the two cabinet members were recalled urgently.

On the morning of 6 am, the South African rand continued to rise strongly, once climbed to 12.31 rand for 1 dollar. However, by the impact of this statement, Rand then appeared cliff diving, quickly fell to 12.78, down nearly 4%.
As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!

Buyers Suppliers

Hot Search