Tshwane Woos Foreign Investors

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BuaNews (Tshwane)

30 June 2011

Pretoria — City of Tshwane Executive Mayor Kgosientso Ramokgopa is headed overseas in a bid to attract foreign investors to plough into the city.

Ramokgopa and his entourage are to leave the city on Saturday for a 12-day business trip in the United States.

The mayor will be accompanied by a delegation, including Subesh Pillay, a member of the mayoral committee responsible for city planning and economic development, and other senior officials. Members of the Tshwane Business Forum, who will be part of the delegation, will travel at their own expense.

Addressing the media prior his to his departure, Ramokgopa said the city intends to create R500 million worth of investments.

“We are going there to attract foreign investors to our city. We want to accelerate the concept that we are a smart city.”

Ramokgopa said the city aims to generate 38 000 job opportunities this financial year and over 375 000 jobs over a period of five years.

“Our interest is creating job opportunities and unlock opportunities for the city and its residents,” Ramokgopa said.

In the US, the mayor is expected to meet the City of New York’s administration and business people.

Ramokgopa’s visit to the US is in the context of the bilateral agreement the two countries have.

The mayor is also expected to meet New York Mayor, Michael Bloomberg.

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Tshwane Woos Foreign Investors