CEOE Internacional receives the visit of the Ambassador of the Republic of South Africa in Spain

Strengthen relationships

Recently, the president of CEOE International, Marta Blanco, met with the new ambassador of the Republic of South Africa in Spain, Sankie D. Mthembi-Mahanyele.

The first political secretary of the South African Embassy also participated in the meeting, Makwatse Bertha Mokgethi and Miguel Brunete, technician for Africa at CEOE international.

During the meeting, the country's economic and business vision and priorities were analyzed, as well as the possibilities of collaboration with the South African Embassy in Spain.

It was agreed to continue working together on new initiatives and activities to promote the presence of Spanish companies in the African country.

Likewise, the importance of promoting bilateral business cooperation between both countries in sectors such as agribusiness, energy, automotive, infrastructure, railways, the banking sector, the blue economy or tourism was noted.

South Africa's economy is one of the most developed on the continent, which is reflected in the weight of its services sector. In 2021 it experienced growth of 4,5% and its GPD expanded 1,9% in the first quarter of 2022, representing the second consecutive quarter of growth. Bilateral trade relations between Spain and South Africa reveal a historic trade surplus in favor of Spain. Currently, our country has a positive balance of 157 million euros and coverage of 113%. Spain's accumulated investment stock in South Africa is 857 million euros.