"And because we've already got such a strong business and personal relationship between the UK and South Africa, I am confident that we will see continued investment here. South Africa, and many other economies in the continent, are moving in the right direction and are absolutely the place for our companies to do business and invest."
The UK is currently the second largest investor in Africa with at around £45 billion a year while the value of the trading relationship between the UK and Africa stood at more than £31 billion.
Wade-Smith said that the UK wanted to renew its trade and investment partnership with Africa to be built around shared prosperity and shared security.
Asked about negative or positive perceptions to UK investors created by South Africa's proposed land reform policy to expropriate land without compensation, Wade-Smith reiterated May's position that the UK supports land reform in the country and has had good and open conversation between government and business about some of the challenges that companies find.
"We have long said as the UK government that we support land reform in South Africa and we think it is the right thing to do in a way that is open, that is clear and that is transparent. UK businesses support an open and inclusive economy, and economic growth. We want to be part of South Africa's future economic growth," Wade-Smith said.
- African News Agency (ANA)]]>https://www.iol.co.za/business-report/economy/watch-uk-expresses-faith-in-sa-economy-backs-ramaphosas-stimulus-package-17410298" class="resultsource">Independent online (SA) 09 Oct 2018
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