This was concluded after discussions between KPMG Africa’s COO, Anthony Thunstrom and the recently-appointed South African Minister of Finance, the Honorable Minister Nhlanhla Nene and the Director General of the DTI, Lionel October.
Private sector participation in this exclusive forum is limited to South Africa's largest, listed companies that have existing pan-African operations, and / or those whose expansion profile includes Africa. Because this forum is chaired by the Minister, participation is further restricted to a CEO / Chairperson level.
This group of CEOs, together with KPMG and the Minister, will form the Ministerial Advisory Council on Africa, which will be responsible for advising the DTI on how they can best assist South African companies to benefit from the growth opportunities in Africa. The Council will also be responsible for developing solutions to the issues affecting business on the Continent and possible ways of addressing the identified challenges by reframing its engagement or intervention strategies where necessary.
As KPMG, we are delighted to be a part of this initiative and this is yet another way in which we are the demonstrating that we are 'The Clear Choice' in Africa.