South African companies were set to invest US$500 million in the South African Development Community (SADC), said outgoing SADC chairman president Cyril Ramaphosa at the conclusion of the two-day 38th Ordinary Summit of the Heads of State and Government of the SADC in Windhoek, Namibia at the weekend.
“We need to ensure that we create a conducive environment for business to thrive, and to deepen our engagement with the private sector. Collaboration with the private sector is important not only in designing SADC regional strategies and initiatives, but also in identifying impediments to greater regional economic integration,” said Ramaphosa, before handing over the chairmanship of SADC to the Namibian president, Hage Geingob.
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President Cyril Ramaphosa delivered his last speech as outgoing chairperson of SADC at the weekend.
