African American Chamber Learns About South Africa Investments

By Carla Thomas

The South Africa Deputy Minister of International Relations Ebrahim Ismail Ebrahim.

The South Africa Deputy Minister of International Relations Ebrahim Ismail Ebrahim recently visited the San Francisco African American Chamber of Commerce to talk to potential investors about the ways his country and the African continent are flourishing with democratic and technological breakthroughs. “To the so-called developed world, Africa is no longer a region of chaos and poverty to be propped up with aid while its mineral resources are extracted and shipped abroad to create wealth elsewhere, he said.  “With 60 percent of the world’s yet to be cultivated arable land, the perceived basket case promises to become a breadbasket.” Accompanying Ebrahim were Johan Klopper, Consul Political, Southern African Consulate General and Deputy Minister Ebrahim Kahn, Head of the Western Cape Investment and Trade Promotion Agency. The minister stated that a growing middle class along with the expansion of intra-regional trade that is enabling the continent to become one open market rather than many small disconnected markets are key to the future. With a GDP of nearly $400 billion and mineral wealth valued at $2.5 trillion, South Africa accounts for a quarter of the region’s output with an advanced physical, financial and legal infrastructure. “Between now and 2015, seven of the 10 fastest growing economies will be in Africa,” he said. The minister also discussed BRIC, Brazil, Russia, India and China as four of the leading world markets. “Though we are a smaller country, we are highly ranked in the areas of financial sophistication, protection of property rights, infrastructure, investment protection and corporate ethics,” he said President of the African American Chamber Fred Jordan along with colleagues, Dr. Caesar Churchwell and Myles Stevens, stated their interest in infrastructure development within the country. “South Africa as a nation is reaching out to African Americans to do business as the 6th Region of Africa, the African Diaspora,” said Jordan. “Our chamber is endeavoring to get African Americans to think globally because they may not have the wealth of white America, but do have the expertise to run agencies and companies, from the smallest to the largest in the world, including the largest national economy. ” For more information visit www.SFAACC.org
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