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Monday, 06 May 2013

UK to end direct aid to South Africa

UK Direct aid to South Africa will be stopped as of 2015, International Development Secretary Justine Greening announced at a conference of African ministers and business leaders in London on April 30th.
The aid program is currently worth £19m a year, and is oriented towards reducing the mortality rate among women giving birth, as well as supporting businesses.
Starting 2015, the UK intends to re-orient its relationship with South Africa on the basis of mutual beneficial trade.  
"South Africa has made enormous progress over the past two decades, to the extent that it is now the region's economic powerhouse and Britain's biggest trading partner in Africa[…]I have agreed with my South African counterparts that South Africa is now in a position to fund its own development”, Greening is reported to have said.
The South African government has criticized its development partner, saying that it had not been properly consulted.

Source: BBC