South Africa has welcomed
the vote of confidence shown by Germany's continued
investment in the South African economy.
Speaking at the German National Day celebrations in
Waterkloof, Tshwane, the Minister of Communications,
Ayanda Dlodlo, said South Africa enjoyed a robust and
growing trade relationship with the European powerhouse.
In 2016, Germany moved up to second place as the largest
global export market for South African goods and
remained South Africa's second-largest import market,
cementing Germany's position as South Africa's
second-largest global trading partner overall.
"Clearly, we are doing things right, as total
merchandised trade between our countries increased by
20,3% last year, with South Africa having managed to
narrow its trade deficit with Germany by almost 8%,"
Minister Dlodlo told those at the jovial celebrations.
Over 600 German companies are present in South Africa,
sustaining approximately 100 000 direct jobs.
"We warmly welcome the continued vote of confidence by
leading German companies to expand their investments in
South Africa. We look forward to even further
improvement in this regard, and remain available to
assist potential German investors in developing further
investment opportunities in our country through our
various investment promotion initiatives," said Minister
The two countries are making steady progress in their
bilateral relations as they continue to enhance the
historically close relationship.
South Africa and Germany have over the years cultivated
an extensive relationship across many areas of
interaction and cooperation. In 2016, the countries
reaffirmed their strategic partnership through the
successful Ninth Bi-National Commission (BNC) meeting.
At the meeting held in Berlin in November, under the
co-chairpersonship of International Relations and
Cooperation Minister, Maite Nkoana-Mashabane, and former
German Foreign Minister, Frank-Walter Steinmeier, issues
such as global developments and increased focus on youth
employment were discussed.
Cooperation in the fields of science and technology, the
environment and energy, among others, was also
"We hope to give further impetus to this relationship
during the BNC mid-term review later this year, and we
look forward to hosting the 10th BNC in Pretoria in
November 2018," Minister Dlodlo said. ¡V Source: