Investing in South Africa
The African Securities Exchanges Association will hold its annual conference in Johannesburg
later this month, where discussions will explore the future and evolution of African stock
markets. The conference will also look at the value of integration, as well as sustainability.
Deputy President Cyril Ramaphosa is expected to visit Iran to re-establish trade ties and formally
authorise the formation of the Iran and South Africa Joint Business Council. South African exports
to Iran fell from R1.5-billion in 2007 to R250-million in 2014; oil imports also declined.
Manufacturers need to work with the state – which has several incentive and support strategies –
to raise South Africa's competitiveness, says the trade and industry minister. The clothing and
textile sector, for example, has several clusters and programmes to help manufacturers.
The Coega industrial development zone has contributed almost 15 000 jobs to Eastern Cape and
has an investment value of nearly R3bn. It has huge potential to grow more entrepreneurs,
placing it well for the country's plan to boost black industrialists.
In a first for the continent, Facebook has opened an office in Johannesburg. The social
networking platform is already a central part of people's lives in Africa, it says. And with more
than a billion people in Africa, "we want to do more to help people and businesses connect".
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