President Cyril Ramaphosa will on Sunday embark on a working visit to Germany to attend the G20 Africa Conference in Berlin.
The G20 Africa Conference, scheduled for 29 to 30 October 2018, will discuss progress made with the G20 Partnership with Africa and the Compact with Africa (CwA).
It will also focus on ways in which the G20, African countries and development banks can cooperate to promote private investment and economic participation in Africa, while reflecting on the achievements and gains made since the Hamburg Summit of 2017.
G20 Investment Summit
President Ramaphosa is also expected to deliver a keynote address in his capacity as Co-Chair of the G20 Africa Advisory Group at the G20 Investment Summit.
The G20 Investment Summit brings together German businesses and CwA countries to further explore investment opportunities under the framework of the G20 Partnership with Africa.
During the summit, German investors are expected to present flagship projects currently undertaken in the CwA countries.
“As part of his working visit, President Ramaphosa will have a bilateral meeting with Dr Angela Merkel, Chancellor of the Federal Republic of Germany,” the Presidency said in statement.
Germany and South Africa enjoy a robust and growing trade relationship. In 2017, Germany remained South Africa’s third largest global trading partner.
South African exports to Germany amounted to R84. 198 billion and imports amounted to R127. 543 billion. There are more than 600 German companies in South Africa that sustain approximately 100 000 jobs. – SAnews