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South Africa: Ireland seeks closer economic ties

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Tuesday, 20 November 2012

South Africa: Ireland seeks closer economic ties

Ireland wanted to improve economic, investment and social ties with South Africa, Irish Trade and Development Minister Joe Costello said in Cape Town on Thursday 15 November, where he led the largest ever Irish trade mission - a group of 57 business leaders.
Ireland views Africa as a future economic giant, and South Africa as a key gateway to the continent. Overall Irish economic investment in South Africa was substantial. Presently, 180 Irish companies were doing business in South Africa. Last year, 25 000 Irish tourists arrived in South Africa. "Yesterday I announced a R500-million investment by an Irish company in wind and solar farms, as well as an investment in Vodacom. We want to see investment as a two-way process," Costello announced.
The talks were hold with the occasion of the South African-Ireland Partnership Forum, established in 2004 to stimulate meaningful cooperation between the two countries.


Source: SouthAfrica.info