South Africa’s strong trade relations with Europe have made the biggest economy in Africa particularly vulnerable to the impact of a sovereign debt crisis in that region. Nearly a third of South Africa’s exports are destined for the eurozone and another third goes to Asia.
“The opportunity for South Africa is to recognise that relying on one part of the world for its trade is not a good strategy in the 21st century,” Gordhan said in an interview on Talk Radio 702.
“There are immense opportunities on the African continent… immense opportunities in other parts (of the world) in developing countries,” he said.
When asked about what impact calls for nationalisation and land grabs – made by the ANC Youth League – could have, Gordhan said such vibrant political discourse was not unique to South Africa.
“(But) we are a developing country and we need to go to extraordinary lengths to inspire confidence so that people will invest in our economy and create jobs,” he said.
“We do need to be mindful that public utterances coming from anybody matter and do make a difference,” he said.
Gordhan declined to comment on whether he would cut interest rates if it was up to him alone.
Improve your image and findability on global markets
- Your release will reach millions of desicion-makers all over the world
- Cost effective and easy to target
- Get more visitors on your company’s web site (perfect for SEO)
- Attach video presentations
- Bogartier will send email notification to all your clients/prospects named by you right after publishing yourrelease (max 100 emails / post
Submit your own Press release, news and ads with your company profile and links to your website.
Our Company releases and profiles includes unlimited amount of text, max 4 images and 1 embed video presentation. Only 9.70
€ / Post or Profile (inc. taxes). Just fill the form and pay per release and everything is done!