PRIME MINISTER’S VISIT
Theresa May touches down in Cape Town, to meet Cyril Ramaphosa in trade push
UK Prime Minister Theresa May touched down in Cape Town on Tuesday, as she begins a three-country African tour. She will hold discussions on Tuesday with President Cyril Ramaphosa amid deepening uncertainty over the UK’s divorce from the EU and implications for trading partners. The UK is SA’s sixth-largest global trading partner, accounting in 2017 for R79.5bn in trade. Trudi Hartzenberg, executive director at the Trade Law Centre, said: "The smooth continuing of this trade relationship [after] Brexit really does matter." The UK is also an important investment partner. Last year foreign direct investment from the UK surpassed all other countries and accounted for 38% in SA, amid slowing foreign direct investment into SA, according to Standard Bank research. The UK is a key source of tourism to SA, with nearly 448,000 British citizens visiting in 2017. May will also visit Kenya and Nigeria and is travelling with a contingent of government ministers and officials and 29 business repr...
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