OPEN FOR BUSINESS: Saudi Arabia and SA – reviving business relations with the Gulf region

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President Ramaphosa completed a successful visit to the Gulf state, focusing on economic diplomacy and reviving a business council. The focus will be on reviving relations in the areas of: mining and commodities; healthcare and pharmaceuticals; tourism,...

Like most countries, South Africa shelves any geopolitical differences it might have with Saudi Arabia to pursue stronger relations with the wealthy, oil-rich Gulf State because of the large economic opportunities it offers.

The Saudis put a great deal of effort into the visit, which convinced South Africa that Riyadh was equally committed to growing relations, said Stavros Nicolaou, group senior executive, strategic trade, at Aspen Pharma Group, who has just been appointed as head of the newly revived South Africa-Saudi Arabia Business Council.the big advantage of commerce with Saudi Arabia was that so much of its economy was complementary to South Africa’s, rather than competitive.

From a purely political perspective, the warmer relations with Saudi Arabia might seem surprising. South Africa’s ruling ANC has historically been wary of Saudi Arabia, regarding it as an ally of the US in the Gulf – and also as a major Middle East rival of Iran, an important ANC ally.But an official points out that “South Africa sees Saudi Arabia as a strategic partner in the region, given its increasingly important role as an emerging regional power.

Abba Omar, who was South Africa’s ambassador in the Gulf for 10 years, believes Ramaphosa’s Saudi Arabian initiative in fact represents continuity rather than change.

 

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Growth with stage 5 rolling blackouts with to real plan in place to improve the situation?

Who in their right mind will want to do business with Demon Cyryl Ramaphosa who is a spineless failure and a thief and also 'a tsotsi from Chiawelo ' . This demon spews more lies than anyone else in Mzanzi.

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Ramaphosa encourages mayors and councillors to mobilise investments - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.President Cyril Ramaphosa has encouraged mayors and councillors to mobilise investments. He was speaking at the closing session of the National Council of Provinces in the Ugu District Municipality in southern KwaZulu-Natal. He means go to white ppl and ask for loans to control municipalities now. He buys your municipality loyalty with electricity profit allowance. Our Councillor ke Morodi back at home from the ANC, I doubt he can even read. He can't even build a proper shelter for his family and you expect him to mobilise investments
Source: SABCNews - 🏆 37. / 51 Read more »