President Mbeki to be briefed of the Multi-Million Dollar deal
to boost BEE in South Africa
New York- South African President Thabo Mbeki
will, later today, Friday 16 September be briefed of the intention of the New
York Common Retirement Fund to increase its current levels of investment in South
Africa to boost Black Economic Empowerment.
Details of the multi-million
dollar deal will be unveiled at a press conference to be held today, Friday, by
the New York Comptroller, Alan Hevesi. The investment adds to the momentum of
confidence in South Africa as an investment destination.
is leading the South African Government delegation to the 60th Session of the
UN General Assembly and the Millennium Review Summit currently underway in New
York. President Mbeki is accompanied by his spouse, Mrs Zanele Mbeki and supported
by Minister of Foreign Affairs, Dr. Nkosazana Dlamini Zuma and senior Government
officials including Foreign Affairs Director-General Dr. Ayanda Ntsaluba.
part of global efforts to push back the frontiers of poverty and under-development,
President Mbeki, accompanied by Mrs Zanele Mbeki and supported by Ministers Dlamini
Zuma and Dr Zola Skweyiya will represent South Africa at the Inaugural meeting
of the Clinton Global Initiative on "The Escape from Poverty: Forging a New
Partnership between the Developed and Developing World.
In this context,
President Mbeki will join Dr. Javier Solana, the EU'High Representative for the
Commission on Foreign and Security Policy in a discussion on " The Critical
Moment in the fight against poverty: The fundamentals of a new deal"
will also usher a series o bilateral discussions for President Mbeki, with amongst
others, Israeli Prime Minister Ariel Sharon, President Yoweri Museveni of Uganda,
Prime Minister Cellou Diallo of Guinea and Dr. Supachai Panitchpakdi, Secretary-General
of UNCTAD. The meeting with Israeli Prime Minister, follows Thursday's bilateral
discussions with Palestinian Foreign Minister, Nasser Al-Kidwa.
On the other
hand, Minister Dlamini Zuma will hold a series of bilateral discussions with her
Nigerian, French and Belgian counterparts, attend the Commonwealth Ministerial
Group on Guyana and the India-Brazil-South Africa (IBSA) working meeting. The
IBSA Ministerial meeting follows on the IBSA Heads of State and Government trilateral
forum held on Wednesday. In addition, Minister Dlamini Zuma will participate in
the Round-Table meeting on the International Conference on the Great Lakes Region.
by Ronnie Mamoepa at +27-82-990-4653
C/O South African Mission