Japan to increase investment in SA
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.
Japan remains a major trading partner for South Africa, with about 140 companies active in the country and over 150 000 jobs created.