South Africa is a sound investment destination

The Johannesburg chief representative of the Bank of Tokyo Mitsubishi UFJ, Yoshiro Yokoi, has commended South Africa for being a sound investment destination, despite the legacy left by apartheid.

Yokoi, who said the laws of the apartheid era were to blame for the country’s unemployment rate, was speaking during the first leg of the pre-TICAD (Tokyo International Conference on African Development) South African Investment Seminars in Nagoya, Japan, on Tuesday.

The Department of Trade and Industry (dti), in partnership with the Bank of Tokyo- Mitsubishi United Financial of Japan (UFJ), is hosting investment seminars in Japan.

According to Trade and Industry Minister, Rob Davies, the seminars, which began on Tuesday and will conclude on Thursday, will give South African businesses a chance to have bilateral interactions with their Japanese counterparts.

“If everyone had access to education back then, we would not have this high unemployment rate. Japan should be part of rebuilding the South African economy, as South Africa has in the past years, during its democracy, made a mark and is now the gateway to Africa,” said Yokoi.

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South Africa: A favorite destination for UK Telegraph readers

Lions Head, Cape Town, South Africa
Lions Head, Cape Town, South Africa

South Africa was rated as No 3 of the readers favorite country worldwide in the 2012 Telegraph Travel Awards. The city of Cape Town was voted as the favorite city worldwide from 17 000 readers of British news site the Telegraph.

The list of winners, released by on Tuesday, places Cape Town in top spot ahead of Vancouver and New York on Telegraph readers’ list of best cities to visit.

When it came to countries as tourist destinations, South Africa came third after New Zealand and the Maldives.

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