The conference will focus on how SA is overcoming its infrastructure constraints to attract capital

JOHANNESBURG, 17 October 2023 – The Johannesburg Stock Exchange (JSE) alongside co-sponsors Old Mutual, UBS and Standard Bank will be hosting its 10th annual South Africa Tomorrow conference under the theme “Progress in Solving South Africa’s Infrastructure Constraints” on 2 – 3 November 2023 in New York. The conference is aimed at engaging investors from the U.S. and promoting South Africa as an attractive investment destination.

The conference will feature prominent speakers and panelists from the private and public sectors on various topics of interest to the US investor base.

South African Reserve Bank Governor, Lesetja Kganyago, will be addressing the audience on considerations feeding into monetary policy in a low growth and high inflationary environment. He will also provide an outlook on South Africa’s inflation and interest rate trajectories. 

Further to this, Hon. Minister Enoch Godongwana, South Africa’s Finance Minister will provide an update on how South Africa will manage its fiscus amid sluggish growth, key actions to improve its sovereign investment grade and address current concerns for investors. South Africa’s minister in the presidency for Electricity, Hon Minister Kgosientsho Ramokgopa and the Public Enterprises Minister Pravin Gordhan will also in attendance to address energy and logistics challenges in the country’s state-owned companies.

“South Africa is at a significant juncture to unlock meaningful change and effective execution to drive reform and growth for the country.  The SA Tomorrow Investor conference in New York is an important platform to showcase the country’s potential.  In its 10th year, the conference unifies the voices of government and the private sector as it encourages investment into South Africa,” says JSE Group CEO, Leila Fourie.

The delegation also includes some of South Africa’s leading listed companies who will meet with investors to drive South Africa’s investment narrative.

“Our collective message to current and potential investors remains clear: South Africa is still alive with possibilities! The cross-sectoral commitments that have been made to address our key structural challenges together with ongoing collaboration to drive delivery and accountability, are showing great promise. As businesses deeply invested in this cause, we are determined to work together to increase confidence and create tangible opportunities for shared growth”, remarked Iain Williamson, Old Mutual Limited CEO.

Sim Tshabalala, CE of the Standard Bank Group, which co-sponsors the conference, said “The annual SA Tomorrow Conference in New York is one of our best opportunities to show that South Africa, with its deep and liquid capital markets, remains the investment destination of choice for international investors looking to buy into the rapidly growing economies of Africa as a whole. This year we will also demonstrate that the country’s structural reforms are starting to gain traction, and that there are attractive opportunities now emerging in South Africa itself.

ENDS

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