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 21 minutes ago This eight-page brief is a synopsis of key developments in the construction industry over the past 12 months. It provides an overview of South Africa’s construction sector and includes details thereof in the public and private sectors, as well as labour and skills...