News Line

    Go to Home Back
Email this to a friend
Printable version
Friday, September 07, 2012 - 7.15 GMT
South Africa to enhance investment in SL

 

South Africa will continue to network with Sri Lanka which would lead to enhance business, trade and investment between the two countries, South Africa's Deputy Minister of Economic Development Professor Hlengiwe Buhle Mkhize, said at the South Africa -Sri Lanka Business Seminar held at the Taj Samudra Hotel, Colombo yesterday (Sep 06).

The 30 member delegation of the African National Congress (ANC) Progressive Business Forum (PBF), chaired by Prof Mkhize arrived in Sri Lanka for the first time, focusing on trade which would open the door for trade enhancement between the two countries and also strengthening relationships.

Convenor PBF, Renier Schoeman, said Sri Lanka was selected for the visit due to many reasons which include its rank as a key destination for business, proximity and accessibility.

He said Sri Lanka has an economy worth around US $ 59 billion year on year, the GDP growth of around 8 percent while South Africa was considered the biggest export market in Southern Africa for Sri Lanka.

Deputy Minister of Economic Development Sri Lanka, Laxshman Yapa Abeywardana said there were many opportunities for economic development in many areas of Sri Lanka and Sri Lanka hoped to enhance relationship with South Africa in the future.

A MoU was also signed for bilateral agreements by the Minister and Prof Mkhize.




 


 

 
 
   
   
    KS
006
   
   

top

   

Contact Information:: Send mail to priu@presidentsoffice.lk with questions or comments about this web site.
Last modified: September 07, 2012.

Copyright 2008 Policy Research & Information Unit of the Presidential Secretariat of Sri Lanka. All Rights Reserved.