Motlanthe promotes investment in Africa

By Lelethu Mquqo
29 March 2011

Deputy President Kgalema Motlanthe has told an audience at the New York Stock Exchange that the African continent is packed with economic opportunities.

Motlanthe, who is on an official visit to the United States, says Africa’s gross domestic product has more than doubled since 2000.

He reminded the audience that the continent had a number of countries that, like South Africa, struggle with the deep-seated legacies of colonialism.

Motlanthe says despite the strength of South Africa’s economy, it is still one of the most inequitable societies in the world.