Share

Ramaphosa gets a global Madiba moment, while SA ponders Denel's next step

President Cyril Ramaphosa has finished off his first official state visit to India on a good note, celebrating and inviting "real, ethically driven" Indian businesses to invest more in South Africa.

A visibly fatigued Ramaphosa, following Team South Africa's stop at the World Economic Forum in Davos, had a two-day stop in India, where he interacted with Indian president Ram Nath Kovind and prime minister Narendra Modi, stakeholders from its business sector and delivered the inaugural IBSA Gandhi Mandela Freedom Lecture in honour of two icons; Indian activist Mahatma Gandhi and democratic South Africa's founding president Nelson Mandela.

Ramaphosa, who is said to have been Madiba's pick to lead the country, once again found himself walking in the late statesman's shoes, when he became the second South African president invited to be India's "chief guest" at its spectacular Republic Day parade.

India celebrated 70 years since its constitution was founded.

"It's been very inspiring for us to have been here at the real centre where Mahatma Gandhi excelled in the work that he did," said Ramaphosa.

According to some in India, the South African leader was not the country's first pick for its big event, with some claiming India had wanted US President Donald Trump to attend the parade where it showed off its military hardware.

$20bn down, $80bn to go

On Saturday, Ramaphosa shared some of his vision to bring in $100bn of investments into South Africa, saying he had managed to bring in $20bn but still wanted to get $80bn over the next five years.

"I am appealing to all of you to come and invest in South Africa, the relationship between India and South Africa is one of the best in the world, I would even hasten to say it's the best in the world," said Ramaphosa.

Without any mention of the notorious Indian Gupta family and amid some giggles, he said businesspeople in India were outstanding.

"People who come to South Africa to run businesses, not for rent-seeking purposes and not to run funny businesses," he further explained.

The Guptas, who are originally from India, have been accused of using their close relationship with former president Jacob Zuma to loot the state and to control members of his executive and state-owned enterprises.

"Those who've come to our shores, 150 companies have been real, ethically driven businesses based on good governance and cooperate behaviour that makes the relationship between the two is very special," said Ramaphosa.

Still working on Denel

The president did not give journalists much information on state-owned company Denel, but admitted that the Indian government had its eyes on Denel.

"We're still working through it, they want Denel to participate in their defence industry, so that's exactly what we will be working on," said Ramaphosa.

India's secretary of economic relations in the Ministry of External Affairs, TS Tirumurti, this week told journalists at a media briefing that the country's issues with Denel had been settled in 2018.

Denel was blacklisted following allegations of corruption.

Pravin Gordhan, one of the nine ministers with Ramaphosa, said the Indian market was very important for the arms manufacturer.

"We know the Indian market is a very important market for Denel to enter and the Indian government has very kindly worked with us to get rid of some of the historic problems that were there, so we have a clear road ahead do us," said Gordhan.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Voting Booth
Can radio hosts and media personalities be apolitical?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, impartiality is key for public trust
31% - 468 votes
No, let's be real, we all have inherent biases
69% - 1027 votes
Vote
Rand - Dollar
19.29
-0.7%
Rand - Pound
23.87
-1.1%
Rand - Euro
20.58
-1.2%
Rand - Aus dollar
12.38
-1.1%
Rand - Yen
0.12
-1.2%
Platinum
943.50
+0.0%
Palladium
1,034.50
-0.1%
Gold
2,391.84
+0.0%
Silver
28.68
+0.0%
Brent Crude
87.29
+0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE