By Lehlohonolo Lehana.
@JPMorgan.
Deputy President Paul Mashatile and a delegation of ministers are in London this week to secure fresh capital from the likes of JPMorgan and Goldman Sachs.
Mashatile encouraged UK businesses to visit the country not only for business purposes but also to appreciate the beauty of South Africa as tourists.
This marks the second leg of Mashatile’s working visit to the UK, aimed at strengthening trade and investment relations between the two nations and attracting foreign investors.
Speaking at a roundtable hosted by American multinational financiers, JP Morgan on Wednesday, Mashatile expressed confidence that the visit would open doors to new partnerships and collaborations between South Africa and the UK, paving the way for stronger economic ties.
“Together, we can build a stronger, more prosperous future for our nations and contribute to the economic prosperity of our regions,” he told attendees, stressing the importance of strategic partnerships in driving mutual growth.
The Deputy President underscored the significance of collaboration, noting that working together is key to unlocking opportunities, mitigating risks, and delivering positive outcomes for all stakeholders involved, particularly in the financial sector.
“As we look around us, we see how interconnected and interdependent the global financial ecosystem has become. No longer can any single entity, whether it be a bank, a fintech company, a regulatory body, or a government, hope to address the complex challenges we face on its own,” he added.
Mashatile emphasized the South African government’s commitment to collaboration with industry partners, regulators, and stakeholders, which has led to positive changes in product and service innovation. He acknowledged that while the government has made progress, there is still much work ahead.
“Our government believes in the power of collaboration,” Mashatile stated.
“By working together with our industry partners, regulators, and stakeholders, we have been able to drive positive change, innovate our products and services, and create value for our customers.”
The Deputy President also urged all stakeholders to commit to a more collaborative approach in addressing pressing issues facing the financial sector. He highlighted the need to enhance cybersecurity measures, promote financial inclusion, and develop sustainable investment strategies.
Mashatile stressed that achieving these goals would require a willingness to share knowledge, resources, and expertise.
“We must be willing to share knowledge, resources, and expertise to achieve our common goals,” he added, calling on attendees to embrace the spirit of collaboration.
According to Mashatile, fostering a culture of collaboration is essential for driving positive impact, fostering innovation, and building a resilient and inclusive financial sector for all.