• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Patel calls for Turkish investment

Oct 04 2012 17:41

Pretoria - South Africa provides international investors with a gateway to the vast African economy, Economic Development Minister Ebrahim Patel said on Thursday.

"Last year, President [Jacob] Zuma convened a meeting with 26 heads of state and government and they signed an agreement to form the Free Trade Area in the next two to three years," he said.

"These countries have [a population of] 600 million people and a GDP (gross domestic product) of over a trillion US dollars. That constitutes the real market, the opportunity to use South Africa as an investing base."

He was addressing the South African-Turkish Business Forum at a conference at Midrand.

Gauteng premier Nomvula Mokonyane and Business Unity SA chief executive Nomaxabiso Majokweni also attended.

Mokonyane said the promotion of tourism and entrepreneurship was critical to the sustenance and improvement of bi-national trade relations.

"All of us can play ambassador roles for our own countries by telling each other about the challenges and solutions we have for both countries and contribute to a peaceful, prosperous world," she said.

"Infrastructure can be there but if there is no peace and harmony among people of the world we cannot talk about prosperity," said Mokonyane.

South Africa's exports to Turkey increased by 20% to R3.5bn in the past year. Imports had increased by 78% to R3.6bn in 2011 from the previous year.

* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote