LETTER: City of London is a key ally of SA
UK exports have increased by a quarter in the past decade and it is the biggest investor in SA’s energy sector
As I visit SA this week the UK is set to embark on a new chapter in our trading relationship with this great nation and Africa more widely. Africa’s economic development in recent decades has already brought millions out of poverty, and the continent's projected growth over the years to come makes it an exciting proposition for UK investors. Indeed, during her visit last year the former UK prime minister set out the aim for the UK to become Africa’s biggest investor by 2022, and we are already on our way to realising that vision.
Take SA: the largest recipient of foreign direct investment on the continent, where total UK exports have increased by a quarter in the past decade and where we are the biggest investors in its energy sector. This is a great success, but we can do so much more, while ensuring our business relationship is built on sustainable goals and focuses on inclusive prosperity. Embedded within this new chapter needs to be an understanding that we face common ch...
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