Ramaphosa deploys Radebe, Hanekom to attract R1.4 trillion in deals

Ramaphosa deploys Radebe, Hanekom to attract R1.4 trillion in deals

- The South African government is on a mission to attract new investment into the country

- President Cyril Ramaphosa has appointed new envoys aimed at helping secure billions in new deals

- Former ministers have joined the drive to boost the economy and create job opportunities

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The South African economy is facing challenges and the state is attempting to turn the tide.

President Cyril Ramaphosa has appointed three new envoys tasked with attracting R1.4 trillion in new investments.

Former Energy Minister Jeff Radebe will be spearheading the efforts in the oil and gas industry, reports News24.

Radebe had ended his long career in Parliament as the longest-serving minister in democratic South Africa with over 25 years in service.

The tourism industry envoy will be led by former minister Derek Hanekom, with deputy tourism minister Elizabeth Thabethe joining forces.

READ ALSO: Ramaphosa on investment in SA: There's never been a better time

The presidency confirmed that former Gauteng MEC for Economic Development Kgosientso Ramokgopa will be running the investment and infrastructure office.

Briefly.co.za reported that the economy had failed to see the desired growth, with unemployment also seeing a rise.

With this in mind, Ramaphosa has doubled down on efforts to bring new projects to South African shores.

The president insists that now is the time to consider local investments, also encouraging ventures in other parts of Africa.

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Source: Briefly.co.za

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