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Cape Town - South Africa has a fertile business environment as more foreign firms see it as an investment destination, said government spokesperson Phumla Williams.
She was responding to the country's ranking in the AT Kearney's 2014 Foreign Direct Investment Confidence Index.
South Africa climbed two spots in the index to become the 13th most attractive destination for Foreign Direct Investment (FDI).
"The government is humbled by this ranking, which shows that South Africa's strategic partnership with foreign investors is gaining momentum."
Williams noted that more companies internationally are finding South Africa as an investment destination of choice, adding that the country has a fertile business environment.
"South Africa offers lucrative value and opportunities for international investor partnerships, as the country is uniquely positioned as the gateway into Africa.
"We also boast a distinctive combination of developed first-world economic infrastructure and an emergent market economy that gives rise to a healthy entrepreneurial and vibrant investment environment."
Williams also mooted supported for the National Development Plan (NDP).
"The strengthened synergies between government and other strategic stakeholders, like business, are supporting the NDP as it provides policy certainty for investors."
The report, which cites South Africa as the only country in Africa on the list of top 25 countries, showed that the country received $4.5bn in FDI.
One of the key drivers of the country's improved rating on the index was attributed to South Africa's commitment to the Renewable Energy Independent Power Provider Programme.
"The Renewable Energy Independent Power Provider Programme in South Africa has played a major role in driving investment. While each deal in itself may not be particularly large, these moves are all positive signs of the increased confidence of the global investor community,” said AT Kearney Africa managing partner Wim Plaizier.
He also said that energy related companies, retail companies and infrastructure and transport providers are all committed to invest in Africa.
She was responding to the country's ranking in the AT Kearney's 2014 Foreign Direct Investment Confidence Index.
South Africa climbed two spots in the index to become the 13th most attractive destination for Foreign Direct Investment (FDI).
"The government is humbled by this ranking, which shows that South Africa's strategic partnership with foreign investors is gaining momentum."
Williams noted that more companies internationally are finding South Africa as an investment destination of choice, adding that the country has a fertile business environment.
"South Africa offers lucrative value and opportunities for international investor partnerships, as the country is uniquely positioned as the gateway into Africa.
"We also boast a distinctive combination of developed first-world economic infrastructure and an emergent market economy that gives rise to a healthy entrepreneurial and vibrant investment environment."
Williams also mooted supported for the National Development Plan (NDP).
"The strengthened synergies between government and other strategic stakeholders, like business, are supporting the NDP as it provides policy certainty for investors."
The report, which cites South Africa as the only country in Africa on the list of top 25 countries, showed that the country received $4.5bn in FDI.
One of the key drivers of the country's improved rating on the index was attributed to South Africa's commitment to the Renewable Energy Independent Power Provider Programme.
"The Renewable Energy Independent Power Provider Programme in South Africa has played a major role in driving investment. While each deal in itself may not be particularly large, these moves are all positive signs of the increased confidence of the global investor community,” said AT Kearney Africa managing partner Wim Plaizier.
He also said that energy related companies, retail companies and infrastructure and transport providers are all committed to invest in Africa.
