South Africa spreads the welcome mat for Chennai business man

Published: 20th July 2013 10:13 AM  |   Last Updated: 20th July 2013 10:13 AM   |  A+A-

South-Africa-M-M-Mogale

South Africa’s acting High Commissioner M M Mogale said that the business climate would remain conducive in South Africa and added that the investments made in the country would be protected even after Mandela.

Stating that Chennai has been one of the areas of interest for South Africa, Mogale urged the investors from the city to assist South Africa in defeating unemployment and poverty and cleared the air that the legacy of Mandela would continue under any circumstances.

“Even if he passes away, all the investments will be protected,” he said during an interactive session on ‘Emerging Business Opportunities between India and South Africa’ organised by the Southern India Chamber of Commerce and Industry (SICCI) recently.

He rubbished reports that the health of the anti-apartheid revolutionary and country’s first black president was critical and he was in a vegetative stage. “Mandela is recovering. He can recognise faces. He can’t speak and will be discharged soon,” said Mogale.

Mogale said that Europe was dying and added the future lay in East and Africa. He said Africa had plenty of opportunities and urged city businessmen to benefit from them. “We are there to assist you,” he said.

Mogale also highlighted some of the issues bothering the investors from Asia and said that the government would intervene to end the monopoly by some companies. Earlier, S K Hazari, executive committee member of SICCI, said that trade between India and South Africa crossed the $5 billion mark in 2007, 14 years after the resumption of diplomatic relations between the two countries.

Bilateral trade is expected to reach $18 billion in three years’ time, he said.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp