Cape Town to host Italy-South Africa business summit

(AGI) Rome, Sept 22 - One hundred business leaders andgovernment officials are to take part in the two-day SouthAfrica-Italy Summit in Cape Town next week. The meeting, firstdiscussed at the Ambrosetti Workshop in the Italian town ofCernobbio earlier this month, kicks off next Thursday and willfocus on bolstering bilateral business and economic ties.Agenda topics include: current economic and political scenariosand their impact on bilateral relations, manufacturing industrypartnership and investment opportunities in South Africa,foreign investment incentives in the country's expanding energysector, agro-industry development opportunities in Sub-SaharanAfrica, sustainable economic and technological

(AGI) Rome, Sept 22 - One hundred business leaders andgovernment officials are to take part in the two-day SouthAfrica-Italy Summit in Cape Town next week. The meeting, firstdiscussed at the Ambrosetti Workshop in the Italian town ofCernobbio earlier this month, kicks off next Thursday and willfocus on bolstering bilateral business and economic ties.Agenda topics include: current economic and political scenariosand their impact on bilateral relations, manufacturing industrypartnership and investment opportunities in South Africa,foreign investment incentives in the country's expanding energysector, agro-industry development opportunities in Sub-SaharanAfrica, sustainable economic and technological growthstrategies, and the role of banks and financial markets insupporting bilateral relations. Averaging 6 percent growthduring the last decade and with consumer spending upapproximately up 300 percent since 2000, South Africa,according to former U.S. Treasury adviser Nouriel Roubini, is"one of the world's fastest growing economies," and offers awealth of opportunities in the transport, infrastructure,industrial and energy sectors. Italy's medium-sizedmanufacturing businesses, Roubini told business audiences inCernobbio, are world leaders in industrial equipment andmachinery. Their expertise, he added, is ideally suited toindustrial development joint ventures in Sub-Saharan Africa.The Cape Town summit's longer term, strategic goals includeannual meetings, with a view to establish an Italian-SouthAfrican community of business leaders. The event's partnersinclude Standard Bank, CNH Industrial, Building Energy, AgenziaGiornalistica Italia and Expo 2015 SpA. (AGI).