Daily Archives: October 21, 2016

Ambassadors spurred to market SA abroad

Pretoria - Deputy President Cyril Ramaphosa has encouraged South African Ambassadors to build strong alliances with other countries for South Africa and Africa's development.Addressing the Heads of Mission Conference in Pretoria on Thursday, the Deputy...

Minister Derek Hanekom launches Tourism Enterprise Development Incubator, 28 Oct

The Minister of Tourism, Mr Derek Hanekom, will officially launch the Provincial Tourism Enterprise Development Incubator, in Pilanesberg, North West on 28 October 2016. The Tourism Enterprise Development Incubator will be a virtual vehicle used to fac...

FORMER SOUTH AFRICAN OMBUDSMAN TAKING UP ACADEMIC POST

CAPE TOWN, -- The University of Stellenbosch near here has appointed former Public Protector (Ombudsman) Thuli Madonsela TO THE Chair of Social Justice in its law faculty, the prestigious institution says.The public research university, located about 5...

Treasury on Oakbay attacks on Treasury court application

Oakbay attacks on treasury court applicationThe National Treasury notes the numerous attacks launched by the lawyers representing the Oakbay Group of companies on the affidavit filed by the Treasury in the Oakbay litigation as well as the contradiction...

South Africa: Minister Maite Nkoana-Mashabane Hosts Her Austrian Counterpart, Sebastian Kurz, 24 Oct

International Relations and Cooperation Minister Maite Nkoana-Mashabane will meet with her Austrian counterpart, Sebastian Kurz, the Minister for Europe, Integration and Foreign Affairs, on 24 October 2016 in Pretoria. Minister Kurz is visiting South Africa from 24 to 26 October 2016, heading a 50-person strong business delegation, which includes the President of the Austrian Chamber of Commerce.

South Africa enjoys good bilateral relations with Austria, focused primarily on economic exchanges. In 2015 total trade between Austria and South Africa amounted to R7, 76bn. South African exports were R0, 92bn and imports at R6, 82bn. South Africa ranks 6th amongst Austria's overseas trading partners and is Austria's major trading partner in Africa.

The top five key South African export categories to Austria in 2015 were Iron & Steel (22%); Gold, Platinum, Diamonds & Jewellery (21%); Ores (19%); Vehicles & Accessories (16%), as well as Beverages & Spirits (4%). The top five imports from Austria to SA in 2015 were Catalytic Converters, Computers & Mechanical Appliances (16%); Paper & Paperboard (12%); Cellphones, Electrical Equipment and Machinery (11%); Articles of Iron and Steel (10%), as well as Vehicle Components (8%).

Bilateral investment relations remain strong, with the South African Reserve Bank in 2014 recording South African direct investment in Austria at around R43 billion, against about R10 billion of Austrian total direct investment in South Africa. Major South African businesses in Austria include Mondi, SAPPI Ltd and NET1 Technologies.

Issued by: Department of International Relations and Cooperation

South Africa

Source: South African Government.