News Details

Federal Minister of Finance discusses investment opportunities in Africa with German-South African business community

Chamber News
08.05.17 Chamber News

Durban, 4 May 2017 – The Southern African-German Chamber of Commerce and Industry will facilitate a meeting for selected German companies operating in South Africa with the German Federal Minister of Finance, Dr. Wolfgang Schäuble, to discuss the framework of investment opportunities not only in South Africa, but also in other countries within the Sub-Saharan Region.

Dr. Schäuble will be visiting the World Economic Forum on Africa. Germany is chairing this year's G20 meeting and the German Finance Minister is promoting the G20 initiative "Compact with Africa". "German industry plays an important role in South Africa" said Dr. Eric Schweitzer, President of the Association of German Chambers of Commerce and Industry (DIHK), at the meeting. "German companies have invested approximately 6 billion Euros over the last years and employ almost 100 000 people in South Africa".

This meeting will make it clear that German business is willing to further engage on the African continent. However, issues of constitutional democracy and governance, common policies for trade as well as infrastructure still need to be addressed.

Southern African-German Chamber of Commerce and Industry
The SA-German Chamber of Commerce and Industry is the key to forging lasting business connections between organisations from Germany and the SADC region. The Chamber’s services focus on fostering business links between German and Southern African companies through comprehensive and target group oriented researches and bring businesses and organisations in contact with competent business partners such as sales and trading partners, customers or manufacturers. Contact the Chamber to get connected with German and southern African businesses at info(at); +27 11 486 2775.