Italy-South Africa summit to launch business in Africa

(AGI) Cape Town, Sept 28 - Doing business in South Africa,starting partnerships in the manufacturing sector andexchanging know-how will act as a launching pad for the wholeof Africa, said Italian Ambassador in Pretoria, VincenzoSchioppa Narrante, only a few days before the Italy-SouthAfrica summit to be held in Cape Town on Oct. 1 and 2. Thesummit will bring together businessmen, economists andrepresentatives of the governments of Italy, South Africa andof Sub-Saharan Africa. The Ambassador said: "We must establishpartnerships in South Africa in order to share our know-howwith local partners, jointly develop

(AGI) Cape Town, Sept 28 - Doing business in South Africa,starting partnerships in the manufacturing sector andexchanging know-how will act as a launching pad for the wholeof Africa, said Italian Ambassador in Pretoria, VincenzoSchioppa Narrante, only a few days before the Italy-SouthAfrica summit to be held in Cape Town on Oct. 1 and 2. Thesummit will bring together businessmen, economists andrepresentatives of the governments of Italy, South Africa andof Sub-Saharan Africa. The Ambassador said: "We must establishpartnerships in South Africa in order to share our know-howwith local partners, jointly develop the manufacturing sectorand see how this might turn into a launching pad for ourproducts in all of Africa." The aim of the summit, which isorganised by the European House-Ambrosetti, is to strengthenrelations between the two countries and their respectivecontinents. Paolo Borzatta, senior partner of the group, said:"During the last few years this relationship has been somewhatovershadowed by the relationships that South Africa holds withits BRICS partners (Brazil, Russia, India and China). But weshould not forget that Europe is still one of South Africa'smajor partners and that its synergies with Italy are enormousand mostly unexplored." South Africa, with a GNP of nearly310 billion euros, is part of the economic backbone of theAfrican continent and an important financial market. TheJohannesburg Stock Exchange is one of the world's leading stockmarkets in terms of the market capitalisation of listedcompanies, which amounts to approximately 153 percent of GNP. During the summit, now at its second edition, a number ofposition papers will survey the partnership options between thecompanies of the two countries in the field of electronicpayment systems and of meeting the needs of small andmedium-sized enterprises, with a special focus on the agro-foodindustry. South Africa is 50 percent arable land and has anenormous agricultural potential in addition to havingperspective outlets in fast-growing regional markets. Analystsexpect the sector to develop a turnover of over 1,000 billiondollars by 2030. (AGI) . .