MPUMALANGA’S QUEST TO ATTRACT INVESTMENT GAINS MOMENTUM
05 April 2023
The Mpumalanga Provincial Government’s quest to attract investors to the province received a major boost when BRICS member states expressed their willingness to invest. This as Mpumalanga plays host to the first BRICS roadshow, as a build up towards the 15th BRICS Summit, to be held in August 2023 in Gauteng.
The summit seeks to achieve the following objectives, namely:
- Accelerated Just Energy Transition;
- Enhance capability of education and skills;
- Acceleration of African Free Trade Agreement;
- Recalibration of economic fortunes, post Covid-19 pandemic;
- Deepen multilateralism with BRICS.
Premier Refilwe Mtshweni-Tsipane told the gathering that Mpumalanga’s commitment to transit from the coal to green energy, makes it an ideal investment destination. She cited State-Owned Enteprizes, such as the Mpumalanga Economic Growth Agency (MEGA) and the Mpumalanga Tourism and Parks Agency (MTPA) as a pathway for the realization of investment objectives into the province. She further referred to tax rebates as added advantage of investing in identified sectors of the province.
While the BRICS member states expressed commitment to explore the trade and investment opportunities with a view to expand their investments into the Mpumalanga economy, however, India’s posture to send a delegation of a Business Council to the province by next week, suggest an accelerated pace, in which the country is willing to invest.
Deputy Minister of International Relations and Cooperation in South Africa, Mr Alvin Botes was among the dignitaries to address the occasion. MECs and Executive Mayors, attended the session.
On Wednesday, a golf game and a gala dinner will be held in the City of Mbombela Local Municipality as part of the activities to mark the BRICS roadshow.
Issued by the Mpumalanga Provincial Government
Provincial Government’s Spokesperson: George Mthethwa
Tel: (013) 766 2242
Mobile: 083 302 2774