OPEN LETTER TO THE SOUTH AFRICAN GOVERNMENT AND FORMER FINANCE MINISTER, TREVOR MANUEL.
INTRODUCTION Mr. Manual, we have met a few years ago with your official New York visit to meet with US corporate investors to encourage long term investments in the “investment friendly” South Africa. Our investment group was one of the very few that reacted positively to your government’s invitation at that time, and subsequent to our meaningful discussion we have immediately embarked on a journey to establish good business relations with top executives and corporations all over the African Continent. IBDF INTERNATIONAL LLC IBDF International LLC dba the Paulsmeier Inc Group has since our discussion invested in excess of $2 billion in business ventures in Africa, of which about $500 million was allocated to South African projects. We have continued our group’s new African investment expansion program with the establishment of a $20 billion fund in early 2016. The focus of our fund, as you are aware, was to invest in infrastructure, business and entrepreneurial development o