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BRICS ambassador vows Ramaphosa's investment target will be reached

17 JULY 2018

South African BRICS ambassador, Professor Anil Sooklal, speaking at a BRICS roundtable at the Richards Bay Industrial Development Zone on Tuesday afternoon.

 

Picture: ANA Reporter

 

Richard's Bay – The target set by President Cyril Ramaphosa to garner $100 billion in local and foreign investment to boost the South African economy is “modest” and would be achieved within a year, Professor Anil Sooklal said on Tuesday.

“The $100 billion is a modest target. I believe we will reach that in a year,” said Sooklal, who is the South African sous-sherpa (ambassador) for the economic bloc of Brazil, Russia, India, China and South Africa, known as BRICS. 

He is also the deputy director-general for Asia and the Middle East at the Department of International Relations and Cooperation (DIRCO).