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Speaker 1: The President, Sara Rama Pausa, opening the Big South Africa

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Speaker 1: Investment Conference in Santon this morning. After that, the DTIC

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Speaker 1: Minister Parks now explaining how South Africa should be able

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Speaker 1: to attract over to trillion rand in investment over the

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Speaker 1: next couple of years. Eppelein Selele is the chair of

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Speaker 1: Brand South Africa, one of the organizations that arranged the

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Speaker 1: conferenceppelan good evening and thank you so much for your time.

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Speaker 1: It's a big target to trillion rand. Obviously the President

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Speaker 1: and the ministers have a duty to sell South Africa.

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Speaker 1: So do you, I suppose so do we all? Do

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Speaker 1: you think investors are willing to buy South Africa as

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Speaker 1: an investment destination?

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Speaker 2: Yes, thank you and good evening student all to new

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Speaker 2: and of course your viewers, and thank you for hearing me.

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Speaker 2: So yes, it is possible. It's technitely possible because you

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Speaker 2: might have I'm not sure you have been following some

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Speaker 2: of the to take it through, some of the the

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Speaker 2: outcomes or rather some of the presentations, which remember we've

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Speaker 2: been going through embarking on the structural reforms and even

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Speaker 2: look at where we are. We are turning a corner

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Speaker 2: and it's actually made progress where we've gained momentum, so

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Speaker 2: that the discussions today was to be literally not necessarily

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Speaker 2: to say, what's setting from spirush, how do we then

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Speaker 2: build on the moment momentum that we are, How do

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Speaker 2: we build on the momentums and most importantly, how do

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Speaker 2: we sustain that? Right? So so and before we even

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Speaker 2: talk about the figures, we have to then look at

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Speaker 2: what are these aspects of fundamentals that we're looking at.

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Speaker 2: So from an infrastructure perspective, very very possible water as

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Speaker 2: you know if you remember with our Soma seeds from

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Speaker 2: the President, it is possible water, right and then if

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Speaker 2: you also look at the energy transition, it is possible

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Speaker 2: clitical minerals and digital technology, so it is possible.

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Speaker 1: Obviously, the timing is complicated. We're an emerging country. That

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Speaker 1: means we're often seen as a riskier investment. There's a

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Speaker 1: reason the rand as weaken the and the dollar has

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Speaker 1: strengthened since the attacks in Iran. Is this a bad

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Speaker 1: time to tal and try and sell South Africa as

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Speaker 1: a result.

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Speaker 2: Of that, No, it's definitely perfect time because remember we've

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Speaker 2: got two points now. Whereas you recall that some of

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Speaker 2: the rating agencies that actually upgraded us, right. And then secondly,

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Speaker 2: if you remember, we're also of the greatest thing. So

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Speaker 2: I think the risk let's also remember that risk is

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Speaker 2: perception because you also have perceptual risk, and it's important

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Speaker 2: to define that because remember with p G twenty and

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Speaker 2: P twenty that's exactly what we're discussing to saying this

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Speaker 2: it's risky for WOO and what does that mean? So

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Speaker 2: it is also perception. So I would like to believe

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Speaker 2: that this is the perfect time because you've got the

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Speaker 2: proof points and you are proving yourself of course as

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Speaker 2: a country to invest us that when you said that

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Speaker 2: you're embarking on the structural reforms, you actually ru mean

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Speaker 2: what you're saying, because oftentimes countries will say we are

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Speaker 2: going through structural reforms and then you still talk about

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Speaker 2: it the following year. So I think the key thing

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Speaker 2: for us, now it's no longer MetOp saying, is at

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Speaker 2: the right time. Now we're going to accelerate the pace

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Speaker 2: and moving that needle and looking at what the low

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Speaker 2: hanging foods are that can help us to actually at

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Speaker 2: least drive or increase our GDP growth because growth is

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Speaker 2: going to be quite important.

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Speaker 1: Other countries have tried to sell themselves over the some

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Speaker 1: have been very successful, some haven't. What methods work to

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Speaker 1: do that, And I know at the bottom of it,

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Speaker 1: what people really want is a sort of rock solid

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Speaker 1: certainty on everything on mining rights, property rights, where the

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Speaker 1: legislation will change. They really want that certainty. I mean,

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Speaker 1: that's crucial to this.

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Speaker 2: Indeed, something is very important. Stephen, you know things that

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Speaker 2: I'm not proper and delivered an interesting presentation and taking

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Speaker 2: us through the approach that they are deploying on his

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Speaker 2: transmission program. And even listen to that because that also

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Speaker 2: speaks to the tangibles, because we no longer define the

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Speaker 2: program's statement and focus a lot on the tangibles. So

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Speaker 2: listen to what means that I'm a hopare outlined in

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Speaker 2: terms of those key processes. We need to talk about

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Speaker 2: permittee for instance, we'll not long have to take a

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Speaker 2: long time to be able to get our penmits for

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Speaker 2: some of our projects. And then we also talk about

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Speaker 2: the regulatory framework. We do have certainty our police also,

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Speaker 2: we have the police certainty. So I think the key

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Speaker 2: thing for me forget about the fact that I'm the

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Speaker 2: brand sat a person. It is actually to sit in

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Speaker 2: a room where you listen to the President delivering his speed,

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Speaker 2: you listen to Minister Paksta delivering his speech, you listen

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Speaker 2: to Ramahopabra, Creasy, McPherson and Minister there is coherence and

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Speaker 2: I think for me now as brand, as into a person,

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Speaker 2: I couldn't be more proud to manage a nation brand

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Speaker 2: that is so dynamic and that is growing right because

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Speaker 2: now you've got a seamless, very aligned messaging which sometimes

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Speaker 2: for many countries it's actually it's not, it's very rare.

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Speaker 1: Thank you so much. Sole is the chair of Brands Africa.

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Speaker 1: Probably the busiest day of the year, so ready to

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Speaker 1: appreciate the time. Thank you