Firm News

SA Embassy and DR & AJU join hands to promote investment ties

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To mark 25 years of diplomatic relations with South Korea, the South African Embassy, Korea-Africa Center, and Federation of Korean Industries hosted a seminar November 23 in the FKI Conference Center on Yeouido.  Ambassador Gloria Nozuko BAM and Amukelani RIKHOTSO, Assistant Director of the Department of Trade and Industry spoke on behalf of the South African government. In his presentation, Dr. Sanghan YEA from the Korea-Africa Center pointed to South Africa’s 10 Nobel laureates (four in science) as an indication of the country’s potential. Ms. Rikhotso, on behalf of invest SA, spoke about government efforts to attract FDI for automobile and components, fuel cells, mobile devices and numerous other sectors.  Mzamo KHUZWAYO, CFO of the Richards Bay Industrial Development Zone, highlighted tax incentives and wage subsidies available to investors. Representing DR & AJU, Africa Desk Head Timothy DICKENS, spoke of South Africa’s strong legal protections, sound banking and judicial systems, and the benefits of partnering with local businesses. More detailed information can be found in the investment guide that DR & AJU produced in cooperation with the SA Embassy (download available above).