February 06 2000 at 10:37PM
By Vera von Lieres
President Thabo Mbeki has named 13 top international businessmen to make up the newly formed International Investment Council, an independent advisory group to guide him on how best to attract foreign investment.
But details on how exactly it will function still need to be finalised. Also to be finalised are the outstanding two appointments.
The advisory body, which was first mooted last June, will ultimately have 15 members, who are all believed to be male.
Among Mbeki's choice for the new body are George Soros, the international financier, philanthropist and chairperson of Soros Fund Management; Tony O'Reilly, the chairperson of Dublin-based international media group Independent News & Media; and Hassan Marikan, the president of Petronas of Malaysia.
O'Reilly said on Sunday the body would be able to advise the government on the best way to attract investment into priority areas such as tourism.
He said his group had already started playing a role by hosting a tourism seminar this weekend on "tourism and the African Renaissance", which will be addressed by Mohammed Valli Moosa, the environment and tourism minister.
This follows last month's launch of the country's biggest international tourism marketing campaign, which was a joint venture between the government and the private sector.
Among other members of Mbeki's newly named advisory body are William Rhodes, the vice president of Citigroup, the largest financial services firm in the US; and Sam Jonah, the chief executive of Ghanaian gold producer Ashanti Goldfields.
Also included are Juergen Schrempp, the chief executive of US-German carmaker DaimlerChrysler; Martin Kohlhausen, the chairperson of top German banking group Commerzbank; Percy Barnevik, the chairperson of Investor AB of Sweden; and Niall FitzGerald of the British-Dutch group Unilever.
Sources:
Independent Newspapers South African website
www.iol.co.za
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