South Africa's President Cyril Ramaphosa is seen next to Lloyds of London chief executive officer Inga Beale during the Commonwealth Business Forum Banquet at the Guildhall in London, Britain, April 17, 2018.
JOHANNESBURG – President Cyril Ramaphosa is on a working visit in London for the Commonwealth Heads of Government Meeting (CHOGM).
Ramaphosa is on a mission to boost investment in South Africa to $100-billion.
This move comes after the central bank confirmed that SA’s inflation hit a seven-year low.
However, the rand has strengthened by approximately 10% to the dollar since former president Jacob Zuma resigned.
Ramaphosa’s team of economic representatives include ex-finance minister Trevor Manuel, economist Trudi Makhaya, ex-Deputy Finance Minister Mcebisi Jonas and Standard Bank chief executive Jacko Maree.
Ramaphosa’s economic outlook is aligned with his visit to the UK as the World Bank raised its 2018 growth forecast to 1.4% this month.
SA’s International Relations and Cooperation Minister, Lindiwe Sisulu and other ministers joined Ramaphosa in the London. She held a joint meeting with the Commonwealth Secretary-General, Baroness Patricia Scotland.