President Cyril Ramaphosa has called on the business community to invest in the continent and identify solutions to the rapid economic, technological and social changes underway.
Addressing the 15th BRICS Summit in Johannesburg, during the BRICS Business Forum Leaders’ Dialogue, the President said these changes create new risks for employment, equality and poverty in many BRICS (Brazil, Russia, India, China, and South Africa) countries.
“From a South African perspective, there is massive untapped potential for investment in our country and on the African continent. Africa is a continent of great opportunity in the industrialisation process in a variety of sectors.
“Africa is a continent rich in the critical minerals that will drive business success in the 21st Century. The continent has resources of lithium, vanadium, cobalt, platinum, palladium, nickel, copper, rare earth minerals, rhodium and many others,” the President said.
He emphasised that African countries made it clear that the investors of choice are those who will process the resources here, close to source.
