President Mbeki welcomes further investment into South Africa
from the New York Common Retirement Fund
New York - South African President
Thabo Mbeki on Friday 16 September, welcomed the commitment by the Head of the
New York Common Retirement Fund, Alan Hevesi to increase their investment in South
Africa to 318 million US dollars from their current investment of 238 million
US dollars to boost Black Economic Empowerment.
Hevesi, the New York Comptroller,
announced during a joint press conference with President Mbeki, that the new investment
totaling 80 million US dollars will be invested in private equity funds of Ethos
and Braits, with a view to boosting black economic empowerment.
and Mrs Mbeki are currently in New York leading a South African Government delegation
including Minister of Foreign Affairs, Dr Nkosazana Dlamini Zuma and her Director-General,
Dr Ayanda Ntsaluba to the Millennium Review Summit and the 60th Session of the
UN General Assembly.
Earlier on Friday, President Mbeki supported by Minister
of Social Development, Dr Zola Skweyiya, attended the inaugural launch of the
Clinton Global Initiative against poverty. President Mbeki participated in a panel
discussion on "Escape from poverty" with Dr Javier Solana the EU's high
Representative on Foreign and Economic Policy.
PRESIDENT THABO MBEKI TO
CONCLUDE VISIT TO NEW YORK WITH AN ADDRESS TO THE UN GENERAL ASSEMBLY
Mbeki will conclude his visit to New York on Saturday, 17 September with an address
to the 60th Session of the UN General Assembly regarding the UN outcome document
on the comprehensive reform of the international body.
Later on Saturday, President Mbeki supported by Minister Dlamini
Zuma will receive a courtesy call from US Secretary of State, Dr Condoleezza Rice
and hold further bilateral discussions with Iraqi President Ibrahim Al-Jaffari.
Issued by Ronnie Mamoepa at +27 82 990 4853
c/o South African Mission
- New York, USA
16 September 2005