Paul Mashatile reinforces the importance of the Government of National Unity in fostering economic growth and stability, urging UK businesses to deepen investment ties with South Africa. South Africa - Pretoria - 25 July 2023. Deputy Paul Mashatile during the official launch of South Africa's Natiional Human Development Report 2022.Picture: Oupa Mokoena / African News Agency (ANA)
Durban-Deputy President Paul Mashatile has called for increased investment and trade relations between South Africa and the United Kingdom, asserting that the Government of National Unity (GNU) is the most effective route to achieving long-term economic growth and stability. Speaking at a Bloomberg roundtable discussion in London, Mashatile highlighted that South Africans specifically chose the GNU to foster collaboration among political parties, with the ultimate goal of enhancing employment opportunities and equitable economic advancement.
"The GNU, which is composed of 10 parties, is working together to ensure that we do not derail our efforts to reform society for the better. It is the best tactical option for us to move the country ahead, putting our differences aside for the benefit of our great nation," stated Mashatile on Monday. He reassured investors and potential business partners that the GNU is committed to creating a stable and conducive environment for businesses to thrive.
Mashatile's visit to the UK aims to bolster trade and investment bonds between the two nations. Historically intertwined, South Africa and the UK share not only a rich past but also a promising potential for future collaboration. He emphasised that the GNU seeks to build on these foundations to foster economic cooperation in alignment with the South African Government's strategic priorities.
"As the new Government, we will continue to hold the United Kingdom in a special place in our hearts, not only due to our historical ties but also because of the immense potential for collaboration and growth that exists between our two countries," Mashatile declared. His visit focuses on identifying innovative strategies to stimulate South Africa’s economy through strengthened trade and investment partnerships.
Mashatile's message was clear: the GNU's strategic priorities are to achieve sustainable economic growth, combat poverty, manage living costs, and develop an ethical, capable state. "By fostering stronger trade and investment relationships, we aim to create a win-win situation for both nations that will bring economic prosperity and stability," he added.
The Deputy President urged UK businesses to solidify their investment associations with South Africa, stressing the nation's steady trajectory toward economic recovery. "We assure the investors that investments in South Africa are secure. Our business environment is stable, as is the political environment, and this is supported by policy certainty and regulatory safeguards."
Mashatile's speech comes at a crucial time as South Africa navigates its path to economic revival, leveraging international partnerships to fuel its growth. His call for unified collaboration underscores the importance of both domestic and global alliances in achieving a resilient, inclusive economy for South Africa.
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