Oct 05, 2007
German investment in SA supports industrial policy objectives - MpahlwaBack
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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.
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