The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Visit of French Minister of Economy and Finance Michel Sapin to South Africa

2 – 3 February 2017

French Minister of Economy and Finance, Michel Sapin’s visit to strengthen and reaffirm economic relations and partnerships between France and South Africa is seen as opportune. The uncertain political and economic conditions in Europe and the Presidential elections in April 2017 in France are significant issues that were discussed during his meetings with South African Finance Minister Pravin Gordhan and Small Business Development Minister Lindiwe Zulu.

Although accounting for 1% of French foreign investment, there are over 360 French companies and their subsidiaries operating in South Africa. Increasing French investment, which is already comprehensive and diverse, and overcoming impediments were core reasons for the meetings. Research and training are also crucial to growing the small enterprise sector in South Africa.

Local job creation, technology transfer, training and skills development programme form the basis of French-South African economic cooperation. Alstom’s railway centre of excellence (near Dunnottar), the French-South African Schneider Electric Academy and France’s involvement in the civil engineering of the Gautrain railway track and bridges, as well as its daily operation are examples of successful partnerships. French companies employ over 37 000 people directly.

There are currently 20 South African companies in France, employing 15 000 people – the biggest of which are Steinhoff (14 000 employees) and Aspen (1 000 employees).

 


 
 
 
 
 
 
 
 
_________________________________________________

Nov/Dec 2017 Edition

 
 
_________________________________________________

Translater


 
 

 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

President Jacob Zuma hosts Madagascar President Rajaonarimampianina 1 November 2017 President Jacob Zuma in his capacity as the Chairperson of SADC has met with the President of the Republic of... <|> South Africa and Comoros meeting 6 November 2017 South African Minister of International Relations and Cooperation Ms Maite Nkoana-Mashabane met with Comoros Foreign Minister Mohamed El-Amine... <|> SA boosts trade with Cuba 7 November 2017 The Havana International Fair will further advance relations between South Africa and Cuba, says Trade and Industry Deputy Minister Bulelani... <|> Cooking Sri Lankan cuisine 7 November 2017 On 27 October Champa Weerasekara, spouse of the Sri Lankan High Commissioner in Pretoria hosted a cooking demonstration and luncheon at her official... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Algeria National Day 1 November 2017 Ambassador Abd-El-Naceur Belaid of Algeria hosted a reception to celebrate the 63rd Anniversary of the launching of the Algerian Revolution. He said that it was... <|> Zambia Independence Day 25 October, 2017 Zambia says her democratic credentials have remained admirable since the introduction of multi-party democracy. Zambia’s High Commissioner to... <|>   Successor Ante Portas? 14 December 2017 When recently surfing along the internet in research mode I stumbled across two items – not connected to each other at first glance. On... <|> Commemorating the 160th anniversary of Joseph Conrad Korzeniowski 20 November 2017 The Embassy of the Republic of Poland in Pretoria organized a special screening of the Polish – British film... <|> <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.