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From summit to summit – yet another minister flies abroad to party

Anything for party - especially if its abroad. Trade and Industry Deputy Minister Mzwandile Masina will move his party to New York to attend the 19th annual Wall Street Project Economic Summit.

by Julius Botha
2016-02-15 17:22
in News
From summit to summit – yet another minister flies abroad to party

 Masina (pictured above with his big buddy Jacob Zuma) is – apparently – visiting the summit “to attract foreign direct investment”, says South African government spin doctors SAnews.gov.za.

“The Wall Street Project uses Operation Breadbasket’s model of research, education, negotiation, and reconciliation to achieve its mission to promote inclusion, opportunity and economic growth by encouraging public and private industries to provide more business opportunities for minority and women-owned companies on Wall Street and throughout the financial services industry amongst other things,” says the Department of Trade and Industry in a statement.

At the summit, that starts on Tuesday and ends on Thursday, South Africa also hopes to “engage with a number of investors on different investment opportunities with the aim of increasing trade and investment, and deepening bilateral relations between the two countries”.

Masina says he will be participating at the International Investment Forum on Global Economic Expansion Opportunities. “The session is a follow up of last year’s Africa Investment Opportunities Forum and the recent Inaugural African Economic Expansion Summit held in Durban,” he says.

The big question, however, is if all this hopping from summit to summit has produced any investment and job opportunities as yet.

Tags: foreign direct investmentMzwandile MasinaSouth African economy
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