Johannesburg 14 June 2022- As South Africa seeks new engines of economic growth and job creation, the country’s investors and policymakers are casting the net wider across the global market in search of investment partners to mobilise these opportunities.
“Through collaborative efforts such as the SA Tomorrow Investor Conference, the private and public sectors must continue to reinvigorate efforts to improve the economy,” says Valdene Reddy, Director of Capital Markets at the JSE.
These will be discussed during the SA Tomorrow Investor Conference, to be hosted virtually from 21 to 23 June by the Johannesburg Stock Exchange (JSE) and joint sponsors, Absa, Citi and the Bank of China.
The South African delegation to the prestigious event includes the President of South Africa; his excellency President Cyril Ramaphosa, Finance Minister Enoch Godongwana and Reserve Bank Governor Lesetja Kganyago as well as private sector CEOs and other senior government officials.
Investors and policymakers from the United Kingdom, China, Singapore, Hong Kong and the United Arab Emirates will also participate in the conference.
Commenting on South Africa’s economic prospects, Charles Russon, Chief Executive: Absa Corporate and Investment Banking said: “Despite the headwinds facing the global and South Africa’s economy post Covid-19, we remain positive about our future in the long-term, owing to our developed infrastructure and well established institutions to withstand the short-term pressures. Hot on the heels of the recent Mining Indaba in Cape Town, the SA Tomorrow conference is another great opportunity for delegates from various sectors – business, government, labour and civil society – to reflect on current challenges and chart a way forward for our country to remain an investment destination of choice and a gateway to the continent. We are looking forward to insightful discussions with delegates, and to share our collective industry leadership, expertise and experience.”
Peter Taylor, Citi South Africa CEO says: “SA Tomorrow 2022 will testify to the resilience and agility of the South African economy which withstood the vagaries of COVID-19 and came out stronger than ever. We are delighted to partner again with the Johannesburg Stock Exchange and ABSA Bank on delivering a world class investment forum to showcase South Africa’s economic potential and investment opportunities to global investors. We are also happy to see Bank of China among top partners this year, a testimony to South Africa’s appeal to top Asian investors. We look forward to bringing the world to South Africa and taking South Africa to the world through SA Tomorrow 2022.”
Longjian Chen, Bank of China Johannesburg branch CEO says: “As the largest and premier African stock exchange, the Johannesburg Stock Exchange is the gateway to new opportunities and one of the multiple asset class market places for global investors. We are very honoured to partner with the Johannesburg Stock Exchange from this year. SA Tomorrow 2022 is believed to be an exciting and informative forum for the investors.
By sharing the expertise and experience about the opportunities and challenges, we are glad to see that it could lead a productive collaboration between different equity capital markets. We look forward to making the Rainbow Nation come closer to the world through SA Tomorrow 2022 together with other top partners in the world.”
ABOUT THE JSE
The Johannesburg Stock Exchange (JSE) has a well-established history operating as a regulated marketplace for trading listed securities. The JSE 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. www.jse.co.za
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Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is the parent company of one of Africa’s largest diversified financial services groups.
Absa Group, through its worldwide affiliates and subsidiaries (collectively referred to as “The Group”), offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. The Group has a presence in 12 countries in Africa, with approximately 42 000 employees. The Group’s registered head office is in Johannesburg, South Africa, and it owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa (Absa Bank Limited), Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group also has representative offices in Namibia, Nigeria, London and New York as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia. For further information about Absa Group Limited, please visit www.absa.africa
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: blog.citigroup.com/ | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
ABOUT BANK OF CHINA
The Bank of China, the oldest bank in China opened its Johannesburg Branch in early October 2000. Since its establishment 22 years ago, Bank of China Johannesburg Branch has insisted on serving China-Africa economic and trade cooperation, actively integrating into the local market, operating in compliance with laws and regulations, and supporting local social and economic development. At present, Bank of China Johannesburg Branch has developed into a strategic fulcrum for BOC Group to expand the African market.The business of Bank of China Johannesburg Branch has now spread to 19 African countries and regions. It enjoys a unique brand appeal among “going abroad" enterprises and local enterprises with Chinese business background and has made positive contributions to the economic and trade cooperation and economic ties between China and South Africa and between China and Africa.