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Finance Minister urges South Africa to trade with and invest in Mauritius

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Mauritian Minister of Finance, Economic Planning and Development Dr Renganaden Padayachy invites South Africa to invest in Mauritius and strengthen trade relations. Picture: Tumi Pakkies/African News Agency (ANA)

Finance Minister Renganaden Padayachy is currently in Durban and has invited South African businesses and government to strengthen trade relations and invest in Mauritius.

Padayachy said it was important for Africa to come together to boost its own economy. “Following the impact of the Covid-19 pandemic, which had the world’s economies reeling from the closure of businesses, Africa was once again on its own when developed countries shut their doors, leaving the continent vulnerable,” he was quoted as telling IOL.

He has so far held meetings with business representatives in Johannesburg, Cape Town and Durban, where he extended his invitation for people to conduct business with Mauritius.

“South Africa was the first African country I wanted to visit and present our vision to while we rebuild our economy, which was hit hard by the pandemic.”

Source: IOL

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