WATCH: President Ramaphosa meets up with Elon Musk
President Cyril Ramaphosa met with South African-born billionaire Elon Musk at the 79th UN General Assembly in New York, USA.
President Cyril Ramaphosa's meeting with Tesla and SpaceX CEO Elon Musk has been the talk of the town after the pair met up in New York over the past long weekend.
According to an official post on X, the Presidency revealed that Ramaphosa discussed opportunities for Elon Musk to invest in South Africa.
#UNGA79 | His Excellency President @CyrilRamaphosa met with South African born American entrepreneur @ElonMusk, founder of Tesla and SpaceX.
— The Presidency 🇿🇦 (@PresidencyZA) September 24, 2024
The discussion explored opportunities for Elon Musk to invest in South Africa. The President is on an investment drive on the sidelines… pic.twitter.com/xoLWQAHXBX
"In New York: President Cyril Ramaphosa meeting with Elon Musk (owner of this very platform X) talking investment in South Africa during the United Nations General Assembly," it said.
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The post also revealed that the president is currently on an investment drive on the sidelines at the 79th UN General Assembly in New York, USA.
The South African-born businessman and billionaire also posted about the meeting, writing, "Great meeting with @CyrilRamaphosa."
Great meeting with @CyrilRamaphosa pic.twitter.com/XLU5k2jQoD
— Elon Musk (@elonmusk) September 24, 2024
According to a report by SABC News, the meeting with Musk was long in the making and held behind closed doors with the media barred.
President Ramaphosa later described the meeting with Musk as positive, saying that further discussion with Musk will likely emerge.
The meeting with the X owner happened on the day that Ramaphosa engaged in a roundtable discussion about how increased investment could improve the country's economic growth.
Several cabinet ministers accompanied the president, including International Relations and Cooperation Minister Ronald Lamola, Health Minister Aaron Motsoaledi, and Trade, Industry, and Competition Minister Parks Tau.
READ: Ramaphosa calls on international investors to support SA economy
"You asked me to sign your visitor’s book, and I wrote a note that this place smells of money, and I left you with a message that I would like some of that money to come to South Africa," Ramaphosa said.
"So, I do call, not only on you as companies but also our own companies in South Africa and investors to join us on this journey.
"A journey where we have all put our differences aside as political leaders in our country and having created this government of national unity. We do think that the support that we can get from an investment and confidence-building point of view is going to keep our country in good stead.
"We are becoming more and more of an investment destination. We've got the biggest stock exchange on the African continent, our financial regulatory work is one of the best in the world, and we’ve got good and effective capital markets. Our banking system is well regulated."
Source:
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IMAGE: X/ @PresidencyZA