News Details

Change in Presidency – German business community demands big steps in creating a positive investment climate

15.02.18 AHK Süd-Afrika - News-Hauptkategorie

Johannesburg, 15 February 2018

South African business has seen the resignation of Jacob Zuma as the president of the Republic of South Africa. Due to the political build-up over the past few days, the results have been highly anticipated and the German business community welcomes the change within the presidency. The Southern African – German Chamber of Commerce and Industry hopes this will encourage new moves on the part of the Government to boost the South African economy, in order to accelerate and realize South Africa’s full economic potential.

“Business thrives on a politically stable environment. It is mandatory for the government to create a sustainable framework that facilitates the growth of small and medium sized companies. The administration must return to an efficient system and the corruption must be rooted out by the judicial authorities,” says Matthias Boddenberg, CEO of the Chamber. “The water crisis in the Western Cape will most definitely affect tourism and the overall economy.  It has to be treated with the level of urgency it deserves, not to mention the much needed improvements that will be required to improve the overall infrastructure.”

“German companies are looking for interesting investment locations. Due to the political change regarding trade in many countries, South Africa has a great potential to position itself as an attractive investment destination,” says Peter Falke, Vice President of the Chamber. “The new Government has the opportunity to clarify their positions on expropriation of land and to communicate a clear signal to the international investment community.”

“South Africa needs to take the lead again on being the hub for business for the Sub-Saharan continent,” says Sabine Dall’Omo, President of the Chamber. “Our Members are reaching out to the region and will value the continued support of the South African Government to ease intra-African trade”.

The Southern African – German Chamber of Commerce and Industry with its 600 members is the largest bilateral Chamber. For more than 65 years, the Chamber has been promoting trade and investment between Germany and South Africa.