Speaking exclusively to the Daily News at the Radisson Blu Hotel in Umhlanga, Durban, on Wednesday, Padayachy said it was important for Africa to come together to boost its own economy.
To attract investors, Padayachy said he had held meetings with business representatives in Johannesburg, Cape Town and Durban, where he extended his invitation for people to conduct business with his country.
The Minister of Finance explained that he has very special ties with Durban, as his great-grandfather was from there. He explained that during the pandemic, the African continent was left behind by the developed world. This left the continent vulnerable. Hence his call for all African countries to unite to strengthen the economy. He also praised the South African government for insisting on equity in the distribution of Covid-19 vaccines. The Mauritian Finance Minister said he wants the continent to be less dependent on developed countries. To achieve this, he said, we must find a way to use our human resources so that we do not depend on others. Hence his request to strengthen trade links with Mauritius. Dr Renganaden Padayachy also called for African countries not to allow Western or Asian countries to have a stranglehold on them when it comes to foreign capital.
The Mauritian government has opened its doors and invited South African businesses and the government to strengthen trade relations and invest in the East African island country.