Investor Presentaiton

The global environment • "Like global growth, FDI remains lower than before the 2008-2009 crisis. It has decreased for the last three years. In 2018, net FDI inflows were down 38% compared to 2017, and less than half of the level they were in 2015. • The snapshots illustrate dwindling world economic output projections, as well as negative trends in FDI inflows to the USA, Euro Area, and China. Foreign Direct Investment Net Inflows US$ billions 800 700 600 500 400 300 200 100 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Euro Area United States China Source: World BankOpen Data, https://data.worldbank.org/indicator/BX.KLT.DINV CD.WD?and-2018&locations-CN-XC-US&start-2009&view=chart, accessed 15 December 2019. IMF World Output Projections Forecast 2020 3.9% 3.9% 3.9% Forecast 2019 3.7% 3.6% 3.6% 3.5% 3.4% 3.5% 3.3% 3.2% Jan Apr Jul Oct Jan Apr انال 2018 2019 3.0% Oct South Africa Source: IMF. 2018 and 2019. World Economic Outlooks and quarterly updates. Inspiring new ways

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