Asia Pacific: 11 June 2021: The Johannesburg Stock Exchange (JSE) and joint sponsors, Citi and Absa Bank are collaborating to host the annual SA Tomorrow Investor conference, which aims to showcase the country’s array of investment opportunities to investors in the Asia Pacific region, mainly from Hong Kong and Singapore.
“Asia is one of the few regions expected to grow this year, with the International Monetary Fund (IMF) forecasting growth of 7.6% in the broader Asia Pacific region, with China alone expected to grow 8.4%. Our deep and liquid capital markets offer attractive opportunities for Asian investors looking to diversify offshore and gain exposure to Africa’s future growth,” said JSE CEO Leila Fourie.
Prospects abound in other sectors such as financial services, technology, renewable energy and transport.
The conference will be held virtually from 17 to 18 June 2021. It will bring together institutional investors, CEOs of large listed companies, bankers, investment advisors, policy makers and financial markets regulators to deliberate on ways to unlock new and existing investment opportunities. The South African delegation will include the President of South Africa, his excellency President Cyril Ramaphosa, Finance Minister Tito Mboweni, Reserve Bank Governor Lesetja Kganyago and Public Enterprises Minister Pravin Gordhan.
Investors from the United Kingdom and United Arab Emirates will also participate in the conference.
“With the global disruption to markets caused by COVID-19, investment will be vital to accelerate South Africa’s economic recovery. South Africa’s economic potential and investment opportunities are huge, and our partnership will help ensure that international investors and South African businesses are able to capitalise on trade and investment opportunities, now and in the future. I expect the conference will demonstrate what has been achieved, and establish a platform for what can be done, working in collaboration in the future,” says Citi Country Officer, Peter Taylor.
“We are very excited at the opportunity to be involved with this conference that demonstrates to international investors, that South Africa is open for business. As a leading Pan African financial services institution, we always seek to be involved with platforms that seek to build on the great investment opportunities across our continent, that drive economic growth and jobs,” said Absa CIB CEO, Charles Russon.
ABOUT THE JSE
The Johannesburg Stock Exchange (JSE) has a well-established history operating as a marketplace for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for over 130 years.
As a leading global exchange, the JSE co-creates, unlocks value & makes real connections happen.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.
ABOUT Absa Group Limited
Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups.
Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.
Absa operates in 14 countries. The Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has representative offices in Namibia and Nigeria, and securities entities in the United Kingdom and the United States.
For further information about Absa Group Limited, please visit www.absa.africa