US Treasury Secretary Janet Yellen said on Thursday her country intended to build even"deeper economic integration" with SA and other African countries in the coming years.
"We have seen over the past three years how disruptions in one part of the world can shape the global economy. Covid-19 brought the world’s economic activity to a standstill. Russia’s brutal war against Ukraine has raised energy prices and exacerbated food insecurity. These shocks taught us about the importance of secure and resilient supply chains."
She also emphasised that the US counted South Africa"among our friends" and that it believed this policy could help increase the resilience of both the US and South African economies. US Ambassador to SA, Reuben Brigety, said at the same briefing that if ever there was an example of the"strong enduring partnership" between the US and SA it was Ford, with its 100-year history in the country.
He said it now built and exported vehicles to more than 100 countries across the globe and was looking forward to"the exciting new path we have embarked on with the launch of a next-generation Ford Ranger pick-up".A deep dive into the big business story of the week, as well as expert analysis of markets and trends.Yellen also said the African continent was undergoing a"significant demographic boom", as it was expected to make up a quarter of the world’s population by 2050.
She was not here to build relationships... She was here to tell CR he must tow the line...
Start with nuclear fuel.
So we borrowing worthless dollar paper to pay back with resource backed currency, aykona
Hawu, I thought Africa was a shit whole..No guys, the ANC really needs to go now, they too compromised...we looking to nationalise
The professional looters!
Voetsek jou poes, we don't need you stealing from us, the ANC steal everything already
Yes Africa is the future of mining raw material exploitation for the 'renewable energy' industry. It is there ready to be to recolonised.
This sounds like diplomatic gobbledygook.
Her country will get us into serious poverty crisis, through bribery and high inflation if SA is not careful.
How so when OPEC nations are losing interest in their dollars?
Does that mean a US military base - to add to the current 750 foreign military bases world wide…No thanks. Think we should build relations with China and Russia.
Fake news written by Biden; afraid he's lost Africa to Russia. De-dollarisation era kicks in, power to BRICS, Let's go Yuan Ruble
By giving us more loans to influence policy change
Sounds like our Government officials can expect some big bribes soon. Please guys, if you going to sell us out, do it for more than a braai pack and booze.
At what expense? That should be the question 🤔
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