Cementing economic ties

SOUTH Africa’s national investment promotion agency, Investment South Africa (ISA), will sign a memorandum of understanding (MoU) with the board of Investment Thailand in Bangkok today. The acting head of ISA, Yunus Hoosen, said the purpose of the MoU was to advance the economic agenda between South Africa and Thailand. In a statement issued by the Department of Trade and Industry on Sunday night, Hoosen said the MoU was aimed at promoting and facilitating co-operation between the two countries on investments in the automotive, agroprocessing and electronics sectors. “It will also enhance our collaborative efforts to attract investments into our countries.” – ANA