Doing business with SA
The government of the Western Cape has plans to establish a R1-billion halaal agri-processing
food park to capitalise on the multitrillion-dollar global halaal market. The park will be a cluster
of manufacturing and service firms in the halaal industry.
President Jacob Zuma referred to our "collective responsibility" to get the economy to perform at
its full potential. South Africans can support the economy by buying a locally made products –
each purchase stimulates demand and builds our industries and creates jobs.
It has been several years in the planning, but Brics' New Development Bank has opened its
doors. It is headquartered in Shanghai and will focus on lending for infrastructure projects in
developing nations. It has initial capital of $50-billion, provided by Brics members.
Deputy President Cyril Ramaphosa says South Africa and Africa must ensure structural
transformation of their trade with China, to export more value-added and labour intensive
products, and to move away from their dependence on raw materials exports.
With its R700-million, 10-year equity equivalent investment programme, IMB South Africa will
work with the Department of Trade and Industry to build a research hub at Wits University, as
well as foster enterprise development and grow deep skills in the country.
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