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President's International Investment
Council, 18-20 June 2004, Cape Town
The 7th meeting of the President's International Investment
Council (IIC) will be held in Cape Town from 18th-20th
June 2004. This is the first meeting of the Council
since the third democratic elections and provides an
opportunity for reflection upon the consolidation of
democracy, South Africa's economic development path,
and the benefits thereof to providing a climate that
is conducive to foreign direct investment.
The Council brings together fifteen distinguished world
business leaders and key Ministers, Directors-General
and the President's special advisors to discuss matters
pertaining to the South African economy, investment
and related topics. Eleven out of fifteen members of
the IIC will be attending the meeting this year. A newly
appointed Council member, Mr Agnelli, from brazil's
CVRD Group will be attending the Council meeting for
the first time. The meeting will be attended by:
- Mr. Percy Barnevick - Astra Zeneca, Switzerland
- Mr. Niall Fitzgerald, Reuters, United Kingdom
- Dr. Sam Jonah, Ashanti Goldfields, Ghana
- Dr. Martin Kohlhaussen, Commerzbank, Germany
- Mr. Masaka Miyaji, Executive Vice President, Mitsubishi,
Japan
- Tan Sri Data' Mohd Hassan Marican, Petronas, Malaysia
- Sir Anthony O'Reilley, Independent News & Media,
Ireland
- Mr Frank Savage, Savage Holdings, USA
- Mr. Jurgen Schrempp, DaimlerChrysler, Germany
- Mr Ratan Tata, Tata Sons , India
- Mr Agnelli, CVRD, Brazil
The good attendance and continual interest in this
meeting from the members of the Council bears testimony
to the continued support for and confidence in South
Africa and government's economic policies. The government
delegation will be led by President Mbeki and will include
the Ministers of Finance, Trade and Industry, Public
Enterprises, Transport, Minerals and Energy, Agriculture,
Communications, and the Minister in the Presidency.
It is expected that the frank and constructive nature
of discussions held at previous Council meetings will
be repeated at this 7th meeting.
This year's meeting will reflect on the third democratic
elections, the consolidation of democracy in South Africa,
government's economic programme for the next five years,
as well as the New Partnership for Africa's Development.
One of the critical challenge for the third democratically-elected
government in the next decade is the need to integrate
two distinct and yet interrelated economies, which are
the First and Second economies, into a single economy
that benefits all South Africans. The Presidency will
do a presentation with special focus on the second economy
and government interventions to build a second economy
that benefits all.
The meeting will also look at the progress made with
regard to the implementation of the government's Microeconomic
Reform Strategy. The implementation of the microeconomic
reforms will ensure that the key objectives of lowering
input costs across the economy, building platforms for
economic development and growth and ensuring that the
potential of priority sectors for growth is unlocked.
An update on the implementation of the New Partnership
for Africa's Development (NEPAD) will be given. The
meeting will also look at the outcomes of discussions
and deliberations on Nepad at the recent G8 summit.
Enquiries: Bheki Khumalo on 083 256 9133 or 012
300 5436
Issued by the Presidency on 17 June 2004
UNION BUILDINGS
PRETORIA
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