Ramaphosa tells NY Stock Exchange investors GNU renewed optimism in SA economy

JOHANNESBURG - President Cyril Ramaphosa has told New York Stock Exchange (NYSE) investors that the Government of National Unity (GNU) has renewed investor optimism in the South African economy.

The president is attending a meeting of heads of State and senior leaders at the United Nations (UN) General Assembly.

He stopped by the stock exchange to give an address on Monday.

In his address at the NYSE, Ramaphosa promised investors that South Africa, through its GNU, is firmly on the road to economic recovery, inviting them to be part of the journey.

“The level of confidence has now gone up enormously, and ordinary people, as well, in terms of addressing their social needs, are now feeling that we will be able to address those needs. So, the message that we are beaming to the world is that South Africa’s step and development can be emulated.”

He also highlighted the importance of South Africa-United States partnerships.

Ramaphosa said the memorandum of understanding signed between the Johannesburg Stock Exchange and the NYSE has expanded bilateral relations and served both parties.