Deputy President Phumzile Mlambo-Ngcuka to pay Working Visit
Pretoria - South African Deputy President Phumzile Mlambo-Ngcuka
will depart for Edinburgh, Scotland on Wednesday 6 December 2006 where she is
scheduled to pay a Working Visit to Edinburgh and London scheduled from Thursday
- Sunday 7-10 December 2006.
Deputy President Mlambo-Ngcuka's visit to
Scotland and United Kingdom comes within the context of South Africa's priority
to ensure a faster and shared economic growth through strategic partnership with
countries of the North
In this context, the visit is aimed at increasing
international understanding and support for AsgiSA and JIPSA while exploring linkages
with international education institutions and/or international education experts.
Edinburgh, Scotland (Thursday - Friday 7-8 December 2006)
President Mlambo-Ngcuka is schedule to hold discussions with the First Minister
of Scotland Jack McConnell on Friday 8 December 2006.
While in Scotland
Deputy President Mlambo-Ngcuka is also expected to deliver a key note address
at the "Going Global 2: The UK's International Education Conference",
meet with Scottish Investors and Vice Chancellors of Edinburgh and other Universities
in the area.
London, United Kingdom (Saturday - Sunday 9-10 December
Deputy President Mlambo-Ngcuka will participate in a Business
Process Outsourcing (BPO) roundtable. The BPO has been identified as a priority
sector for AsgiSA. Over 50 BPO captains of industry will attend the event. The
UK remains one of the leading sources of potential BPO direct investment into
While in London Deputy President Mlambo-Ngcuka is also expected
to hold discussions with representatives of Cape Diamonds Plc, Standard Chartered
Bank, Barclays Bank and academic institutions.
Deputy President Mlambo-Ngcuka
is expected to return to South Africa on Monday 11 December 2006.
The bilateral trade relations between the two countries
have shown an upward trend over the years. It reached 27.8 billion pounds sterling
in 2004. In addition, there is a healthy flow of investment in both directions.
The United Kingdom remains the largest foreign investor in South Africa and over
200 South African companies have established a presence in the UK.
the first time ever, South Africa is in surplus in terms of its visible trade
with the United Kingdom. The United Kingdom is considered and ranked as South
Africa's second biggest export trading partner. Over the past few years the bilateral
trade balance between the two countries has shown a steady rise.
five export commodities from the United Kingdom to South Africa are: Non-metallic
minerals, office machines, road vehicles, telecommunications and sound recording
and reproducing apparatus as well as medicinal and pharmaceutical products.
South Africa's top five export commodities to the United Kingdom are: Non-metallic
minerals, coal, coke and briquettes, road vehicles, vegetables and fruit and non-ferrous
metals. The decline in British exports has been attributed to the strength of
sterling, which hashit British export companies. As a result more British companies
are looking at joint ventures, arrangements to manufacture under license, or both.
The United Kingdom's Trade and Industry Department is actively encouraging
direct investment (currently R144 billion) and joint ventures in South Africa
in an attempt to counter the declining British exports to South Africa.
general aim of this policy is to use South Africa as Regional Hub to export to
Africa and Asia. The SA/UK small business partnership programme was launched in
2000. This programme aims to develop business partnership between the UK and South
African companies owned and managed by previously disadvantaged groups. Funds
from British Trade International and the EU are supporting the programme. Over
50% of total South African exports to the United Kingdom are either precious metals
or "unclassified goods".
With about 12 billion pounds worth
of investment in South Africa, Britain holds the greatest amount of total foreign
investment stock in South Africa, and the acquisition by Barclays of a majority
share in ABSA was the largest foreign investment into South Africa ever. British
companies employ more than 40% of all those employed by foreign firms. Nine of
the top twenty foreign companies in SA are British. It has recently emerged that
South Africa is the top commonwealth provider of teachers to the UK, with 4700
teachers having left for the UK since 2001, helping to avert an educational catastrophe
SOUTH AFRICAN EXPORTS TO THE UNITED KINGDOM (ZAR'000)
UK is South Africa's 2nd largest export market with an annual growth of 16% between
2004 - 2005.
SOUTH AFRICAN IMPORTS FROM THE UNITED KINGDOM (ZAR'000)
2004 and 2005, South Africa's imports from the United Kingdom declined by -4.7%.
South Africa is regarded as a world class tourist destination
by British tourists. The United Kingdom is by far our most significant source
of (non-African) tourists, a position it has not relinquished for the past 15
According to SA Tourism, the number of tourists from the United
Kingdom, from January to October 2002, amounts to 338, 853.
In 2004, a
total of 456,368 British tourists visited South Africa and the latest statistics
indicate that the figure for 2005 increased to 469,599.
Issued by Ronnie
Mamoepa on 082 990 4853
Department of Foreign Affairs
6 December 2006