DIRCO Annual Report

Programme: International Relations

Deviation from planned target to actual achievement 2021/22

Audited actual performance 2019/20

Audited actual performance 2018/19

Planned annual target 2020/21 12 regional investment strategy and quarterly progress reports

Output indicator

**Actual achievement 2020/21

Reasons for deviations

Outcome

Output

Increased foreign direct investment and contributed to economic growth in South Africa

Contributed to increased FDI into South Africa and Africa

Number of regional investment strategy and quarterly progress reports

New indicator.

212 Regional investment strategy and quarterly progress reports reflecting DIRCO’s contribution towards increased Foreign Direct Investment into South Africa and Africa. South Africa’s objective, through the soliciting of international investments, is to contribute towards supporting growth and development within the country, as well as the region. These investments have, inter alia , been in the sectors of manufacturing, retail, communications, construction, finance and tourism. Investment has become an increasingly important means of strengthening economic ties with various countries. DIRCO, at both Head Office and missions, has continued to explore investment opportunities for South Africa. The pursuit of investment opportunities continued against the backdrop of the deteriorating global economic situation as a result of the COVID-19 Pandemic and challenges experienced by SA companies operating on the continent. Due to the Pandemic, most economies are still recovering; therefore economic activity has not yet returned to pre-COVID levels.

Annual Report 2020/2021 I Vote No. 6

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