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Quote by Thabo Mbeki

“We are a very big mining country and historically have been exporters of raw minerals. There is no particular reason why we should not be processing those further.”

Quote by Thabo Mbeki

Author

Thabo Mbeki is a prominent South African politician who served as the President of South Africa from 1999 to 2008. He dedicated his political career to promoting democracy and economic development in South Africa and actively participated in African continental political affairs. more

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“For an investor who is sitting in the United States, and South Africa is very far from the United States, you need to go out to that investor to say, these are the possibilities in this particular sector.”

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Author:Thabo Mbeki

“I must say also, that we are not talking just about foreign investors.”

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“The principal investors in the South African economy are South Africans. And this is something, I think, we should really pay attention to.”

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“There is a tendency just to talk about foreign investors. Over 80 per cent of new investment in the South African economy is South African and therefore the engagement of the South African investor is also a critical part of this process.”

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Author:Thabo Mbeki

“Of course we run a very open economy, and therefore what happens in the rest of the world, in economic terms, obviously has an impact on us.”

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Author:Thabo Mbeki

“I should also say that apart from the negotiations that are taking place within the WTO, we are ourselves involved in all manner of bilateral negotiations, or, if they are not bilateral, with the South African Customs Union and the European Union. All the member countries of the European Union have now ratified the agreement that we have with the EU and that opens up the EU market in various ways.”

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Author:Thabo Mbeki

“We are in the process of negotiating an agreement with the United States. We will be negotiating agreements with India and China. We are in the process of negotiating an agreement with Mercosur, South America. So there are a number of these trade agreements in the major markets of the world.”

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Author:Thabo Mbeki

“While the WTO negotiations will continue, there are other trade negotiations of a bilateral nature, which among other things, should help to open up these markets for South African products.”

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“We have a series of regular meetings with South African business. Big business. Black business. Agriculture. As well, of course, with the trade unions. A whole series of meetings like that which engage issues that these South African social partners need to address.”

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Author:Thabo Mbeki

“We raised the matter of an agreement that was reached at the Growth and Development Summit, which was that we should access a certain part, 5% was mentioned, of the funds in the hands of the institutional investors, domestically, for investment in the real economy. That being an agreement of the Growth and Development Summit, we will engage South African business to see how we can make that a practical thing. So, there is a different set of engagement with local business.”