http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.04Change: -0.16
R/$ = 12.07Change: -0.10
Au 1204.60 $/ozChange: 1.40
Pt 1170.50 $/ozChange: 4.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 05, 2007

German investment in SA supports industrial policy objectives - Mpahlwa

Back
 
 
 
 
 
 
Expertise|Africa|Export|Industrial|Africa|Automotive|Energy|Manufacturing|Services|Infrastructure
Expertise|Africa|Export|Industrial|Africa|Automotive|Energy|Manufacturing|Services|Infrastructure
expertise|africa-company|export|industrial|africa|automotive|energy|manufacturing|services|infrastructure
© Reuse this



German companies’ investment in South Africa is, in many instances, precisely focused on those sectors that the country had targeted in its National Industrial Policy Framework, released earlier this year, Trade and Industry Minister Mandisi Mpahlwa said on Friday.

German companies are heavily investing in South Africa’s automotive sector, with companies such as BMW South Africa, DaimlerChrysler South Africa and Volkswagen South Africa creating thousands of jobs in the local economy, and contributing to the country’s drive to boost its manufacturing capacity and export capabilities.

Speaking at a German-South African business round table in Pretoria, Mphalwa said that the 500 German companies that have invested in South Africa were creating in the order of 70 000 jobs.

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.”

South Africa is Germany’s fourth largest trading partner.

Total trade between Germany and South Africa increased by over 32% last year.

Exports were currently valued at R28,87-billion, and imports at R57,84-billion.

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.

Business Unity South Africa, the South African Chamber of Commerce and Industry, and the Southern Africa Initiative of German Industry have called on the governments to make every effort to enhance the economic relations between the countries.

The organisations said that a special focus would be place on the extension and the improvement of the infrastructure in South Africa in the areas of transport, telecommunications, electricity production and the use of renewable energies.
 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
The last of the 26 mooring units comprising the Port of Ngqura’s automated mooring system (AMS) have arrived at the port and are expected to improve port efficiency and safety, further driving the Transnet National Ports Authority’s (TNPA’s) objective of establishing...
Acting Transnet CEO Siyabonga Gama
Acting Transnet CEO Siyabonga Gama, who was appointed to the position following the surprise secondment of Brian Molefe to Eskom, has placed revenue diversification at the top of his list of immediate priorities, with the weak commodity outlook seen as having the...
Monwabisi Kalawe
Suspended South African Airways (SAA) CEO Monwabisi Kalawe has resigned, with immediate effect, as his relationship with the State-owned carrier had been “irretrievably broken down”. The step was taken following arbitration proceedings between Kalawe and SAA, in the...
More
 
 
Latest News
South African mining and energy adviser Ted Blom has raised a litany of concerns about the state of power utility Eskom and has warned of runaway costs and shortfalls in coal and water, as well as rail capacity. Blom was surprised by the recent buoyancy shown by...
JSE-listed Astrapak will sell specialised packaging systems manufacturer Knilam to Mapflex SA for R17.7-million. The proceeds would be used to reduce Astrapak’s current level of gearing.
The last of the 26 mooring units comprising the Port of Ngqura’s automated mooring system (AMS) have arrived at the port and are expected to improve port efficiency and safety, further driving the Transnet National Ports Authority’s (TNPA’s) objective of establishing...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Sappi Southern Africa CEO Alex Thiel
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96