Ramaphosa’s United Arab Emirates visit rakes in billions

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President Cyril Ramaphosa is in the United Arab Emirates as part of his bid to attract R100-billion investment over the next five years.

On Thursday, Saudi Arabia committed to invest R100-billion into the South African economy, most of which will go to energy and power generation.

The two countries have enjoyed sound bilateral relations since formal diplomatic ties began at the dawn of democracy in 1994.

Trade between the two countries has grown from R6 billion in 2011 to R38.2 billion in 2017. – Afro Worldview Reporter

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