- Mark Carney is evaluating strategic partnership potential and economic integration strategies for Africa.
- Discussions were held regarding potential collaboration and strengthening investment partnerships between Canada and Africa.
Kgalema Motlanthe Promotes Canadian Investment in South African Mining
What happened
Kgalema Motlanthe visited Canada to promote investment by Canadian companies in South Africa’s mining sector. During the visit, the Deputy President met with stakeholders in the mining industry, including the Toronto Stock Exchange. The visit was intended to encourage Canadian companies to invest further in the mining and extractive sector in South Africa.
From sanews.gov.za
Why it matters
The visit highlighted the close political and economic relations between South Africa and Canada. Bilateral trade between the two countries totaled over $1.3 billion in 2012. Canada is noted as a major player in the mining industry in Africa.
Discussions were held regarding potential collaboration and strengthening investment partnerships between Canada and Africa. Mark Carney is evaluating strategic partnership potential and economic integration strategies for Africa.
From sanews.gov.za
Who's involved
- Kgalema MotlantheDeputy President of South Africa who promoted investment in the mining sector
- South AfricaHost country for the mining sector investment promoted during the visit
- Toronto Stock ExchangeStock exchange in Canada that Kgalema Motlanthe met with
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- South AfricaSpeculative
South Africa might see increased national revenue and investment from Canadian foreign direct investment in the mining sector.
- National TreasurySpeculative
National Treasury may benefit from increased foreign direct investment into mining, boosting national revenue and fiscal stability.
- Toronto Stock ExchangeSpeculative
The Toronto Stock Exchange could see increased capital flow due to greater interest from Canadian investors in South African mining assets.
Keep exploring
The entities involved
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Kgalema Motlanthe
President of South Africa, Deputy President of the ruling African National Congress (ANC) and Secretary-General of the African National Congress
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South Africa
country in southern Africa
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Toronto Stock Exchange
stock exchange in Canada