Related Articles
Top Stories
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Feb 13 2012 07:41
A reader gets advice on quick returns on a lump sum.
Feb 12 2012 15:59
Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.
Johannesburg - Sought: British investors for South Africa's power industry and electricity producers.
In London on Tuesday Dr Rob Davies, Minister of Trade and Industry, said that investment opportunities arising from government's new Industrial Policy Action Plan (IPAP2), as well as the role that private entities can play in the country's electricity provision, will be high on the agenda when South African and British business representatives meet in the City on Wednesday.
The meeting forms part of President Jacob Zuma's first state visit to Britain, and will be attended by almost 400 business people from both countries, Davies said.
The recession has somewhat negatively impacted trade relations with Britain, one of South Africa's top five trading partners and the country's biggest investor.
Among other things, the South Africans will want to discuss how trade flows can be restored, and would also like to see how Britain emerges from the recession. Latest statistics do not yet indicate a "dynamic recovery", said Davies.
There is particular concern in the South African contingent about the recovery of the British financial industry, one of the biggest and most dynamic sectors in Britain's economy.
Davies says the delegation would like to hear what the effect of the recession will be on this British industry, as well as this year's prospects for investment flows to developing countries.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.