South Africa and Mauritius sign MoU on Economic Co-operation

The Minister of Trade and Industry, Mandisi Mpahlwa, has appealed to South African business people to take advantage of investment opportunities in their fellow Southern African Development Community (SADC) member-state, Mauritius. Minister Mpahlwa was speaking at the signing ceremony of a Memorandum of Understanding (MoU) on Economic Co-operation between the two countries, which took place at Radisson Hotel, in Cape Town. The Mauritian Minister of Foreign Affairs, Regional Integration and International Trade, Dr Arvin Boolell, also attended the ceremony.

"I would like to appeal to South African business here today, that the South African government has made serious attempts at creating a proper environment for outward-investments towards the continent and Mauritius in particular, which will culminate in the signing of the MoU today. For example, the amount of foreign investment allowed for South African companies is R750 million per approved investment in the SADC region, which applies to the rest of the continent, compared to R500 million allowed to countries outside the continent. This demonstrates the seriousness in which our government views its role in Africa. We, therefore, encourage South African business to follow suit," appealed Minister Mpahlwa. Read more

The Department of Trade and Industry, RSA