SA and UK strengthen ties

Vuk'uzenzele - - Gryeonluaetrihaonlfsoc/ Uafsrica -

THE TWO COUN­TRIES are build­ing a strong foun­da­tion cen­tered on eco­nomic growth.

South Africa and the United King­dom have iden­ti­fied key sec­tors for in­vest­ment aimed at boost­ing eco­nomic growth and de­vel­op­ment.

This was af­ter Pres­i­dent Cyril Ramaphosa re­cently hosted UK Prime Min­is­ter Theresa May at Tuyn­huys in Cape Town.

Prime Min­is­ter May was in South Africa on a work­ing visit.

The Prime Min­is­ter’s visit to South Africa and other African coun­tries was seen as a push to ce­ment ties with coun­tries out­side the Euro­pean Union as Bri­tain pre­pares to leave Europe’s trade bloc by March next year.

Pres­i­dent Ramaphosa said dur­ing the talks be­tween the two coun­tries, the par­ties re­viewed a range of is­sues of a bi­lat­eral, con­ti­nen­tal and global na­ture.

“In our of­fi­cial talks, we noted the in­creased eco­nomic co­op­er­a­tion and trade re­la­tions be­tween our coun­tries. Both our coun­tries have iden­ti­fied key sec­tors for in­vest­ment to boost eco­nomic growth and de­vel­op­ment.

“These sec­tors in­clude man­u­fac­tur­ing, agro-pro­cess­ing, in­fra­struc­ture de­vel­op­ment, min­ing, en­ergy and tourism.

The UK was South Africa’s sixth largest global trad­ing part­ner in 2017, with to­tal trade at R79.5 bil­lion.

The UK also re­mains the key source of long-haul tourism to South Africa, with nearly 448 000 vis­i­tors in 2017.

Prime Min­is­ter May said the UK’s aim was to be the num­ber one G7 in­vestor in Africa by the year 2022.

She said the UK was in full sup­port of South Africa’s drive to at­tract in­vest­ment of US$100 bil­lion to cre­ate jobs and bol­ster growth.

“I want to see Bri­tish com­pa­nies play a cen­tral role in help­ing [South Africa] achieve your am­bi­tions, help­ing to cre­ate and sus­tain high qual­ity jobs for the peo­ple from both our coun­tries,” she said.

Pres­i­dent Cyril Ramaphosa with Bri­tish Prime Min­is­ter Theresa May dur­ing her state visit to South Africa.

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