Oct 05, 2007
German investment in SA supports industrial policy objectives - MpahlwaBack
© Reuse this
He said there were various possibilities for collaboration between the two countries, and that South Africa could benefit from knowledge exchange between major German companies and local firms, which was not only limted to the automotive sector.
“As the services sector becomes more and more important in the German economy and manufacturing less so, we believe that great potential exists for utilising the manufacturing expertise that has been developed by Germany, for partnerships in South Africa.”
Enhancing economic relations
Meanwhile, German and South African business leaders signed a joint declaration on increased cooperation on issues, such as the industrialisation of the country, the 2010 FIFA World Cup and energy-related issues.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Transport & Logistics News
Updated 2 hours 46 minutes ago Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year. The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
Updated 5 minutes ago Worldwide, the nuclear industry would benefit if it was possible to develop closer cooperation between national regulatory authorities and between them and the industry itself, as is the case with the aviation industry. This was affirmed by World Nuclear University...
Updated 1 hour 40 minutes ago Unconventional gas explorer Challenger Energy expects to hear by the third or second quarter of this year whether its subsidiary, Bundu Gas and Oil Exploration, will be allowed to explore for shale gas in South Africa’s Karoo basin. The ASX-listed company confirmed...
Updated 1 hour 58 minutes ago The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) fell by a steeper-than-expected 6.6 index points to 47.6 in February, driven chiefly by a 16.2-point decline in the business activity index (BAI) to 45.5. While January’s figure was “artificially high”,...