Mineral Resources Minister Mosebenzi J Zwane (MP) has welcomed commitment by the Japanese government to increase investment into South Africa, in spite of the current downturn in the global economy.

Minister Zwane met with Mr Tsuneo Kitamura, Parliamentary Vice Minister of Economy, Trade and Industry yesterday, on the sidelines of the Mining Indaba.

"We are encouraged by the continuous support from the Japanese government and Japanese companies, and that they are prioritising South Africa," Minister Zwane.
"It gives us confidence that our country remains a preferred investment destination. Investors are taking a long-term view, and are not discouraged by the current downturn in the cycle."

Japan remains a major trading partner for South Africa, with about 140 companies active in the country, and over 150 000 jobs created.


 

Issued by Government Communications (GCIS) on behalf of the Department of Mineral Resources