South Africa is open for investment and wants to offer policy certainty as it seeks to increase economic growth and eradicate poverty.
Cyril Ramaphosa, the new leader of the ruling African National Congress, said this on Saturday.
Rampahosa, who won the race to succeed President Jacob Zuma as ANC leader last month, made the comments in a speech to mark 106 years since the founding of Africa's oldest liberation movement.
"South Africa is open for investment and we invite all investors from all over the world to come to South Africa to invest in our country so that we can grow our economy, create jobs, end poverty," he told thousands of ANC members packed into a stadium in East London.
President Uhuru Kenyatta was among those who attended the celebration.
Uhuru said on Friday that Kenya is not in competition with South Africa but in a partnership aimed at improving the people's lives.