Ramaphosa urges Southeast Asia to invest in South Africa

President Cyril Ramaphosa has assured international investors that South Africa is actively confronting systemic corruption. Speaking during a state visit, Ramaphosa acknowledged that corruption remains “rife” across both government and private sectors. He emphasized that authorities are intensifying efforts to combat criminality and reinforce the rule of law to create a more secure environment for business.

Boosting International Trade and Investment

In a bid to attract foreign capital, Ramaphosa humorously remarked that “the smell of money must follow me to South Africa.” His comments highlight a strategic push to reposition the nation as a prime investment destination. The president also expressed gratitude to Malaysia for its commitment to attend the upcoming G20 Summit in Johannesburg. He believes this participation will significantly strengthen trade ties between the two nations.

Forging Stronger Bilateral Partnerships

Looking ahead, ministers from South Africa and Malaysia are set to deepen cooperation in key areas including defence, trade, industry, and agriculture. President Ramaphosa pointed out that the current trade volume between the countries is “too low,” signaling a mutual intent to elevate economic engagement. This collaborative effort is a cornerstone of the government’s broader plan to tackle corruption and foster sustainable, transparent economic growth for South Africa.