Image
Icon

Directory

IconAlternative Investments
IconAsset Managers
IconAssociations and Institutes
IconBBBEE Consulting and Verification Agencies
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconFinancial Planners
IconInvestment Consulting
IconLinked Investment Service Providers
IconListed Equities
IconOmbud
IconOnline Share Trading
IconParticipation Bond Managers
IconProperty Unit Trusts
IconPublications
IconRegulatory Authorities
IconStock Exchange
IconUnit Trust Fund Managers
IconWellness Programs
Advertise Here
  Subscribe To »

SA, UK to cement economic relations

Published

2018

Mon

27

Aug

President Cyril Ramaphosa is on Tuesday expected to host the United Kingdom’s Prime Minister Theresa May, who will be in the country for a working visit.

“The working visit by Prime Minister May seeks to further cement economic relations built up over several decades,” the Presidency said in a statement.

During tomorrow’s visit in Cape Town, May will present President Ramaphosa with the SS Mendi Bell, which was found in the English Channel a year ago.

In 1917, the SS Mendi suffered disaster in what has been described as one of the 20th century's worst maritime disasters in UK waters.

On 21 February 1917, a large cargo steamship, Darro, collided with Mendi in the English Channel, south of the Isle of Wight. Mendi sank, killing 646 people, most of whom were black South African troops.

About 616 South Africans, 607 of which were black troops, plus 30 crew members, mostly from Britain, died in the tragedy. About 139 of the soldiers who died were from the Eastern Cape.

The SS Mendi ship was chartered by the British government as a troop carrier to serve in World War 1, carrying 823 members of the fifth battalion.

They had completed 34 days of the voyage from Cape Town to England and were on their way to France to the war when tragedy struck in the English Channel.

In 2017, the South African government commemorated the centenary of the sinking of SS Mendi.

“The handing over of the SS Mendi Bell to the people of South Africa is a mark of respect for the shared history and bilateral friendship between the two countries,” the Presidency said.

The working visit follows bilateral meetings between President Ramaphosa and Prime Minister May during the Commonwealth Heads of Government Meeting (CHOGM) in London earlier this year.

In those talks, the two leaders discussed potential partnerships between the United Kingdom and South Africa and efforts to strengthen bilateral trade and investment relations.

Bilateral relations between South Africa and the United Kingdom are strong, covering a range of areas of cooperation linked to both governments’ priorities. 

These relations are managed through a Bilateral Forum at the ministerial level, which meets biennially.

The UK was South Africa’s sixth largest global trading partner in 2017, with total trade at R79.5 billion.

The UK also remains the key source of long-haul tourism to South Africa, with nearly 448 000 visitors in 2017.  

 
Source: sanews.gov.za
 
« Back to previous page Print this page » |
 

Breaking News »

OLD MUTUAL LAUNCHES HANDPICKED RANGE OF PRODUCTS TO SUIT SPECIFIC INVESTMENT GOALS

According to the 2019 Old Mutual Savings and Retirement Monitor, less than 30% of people are saving for emergencies and more than 42% are not making contributions to formal retirement savings. Coupled with this, ...
Read More »

  

What SA investors can learn from the case of Greek government bonds

Justin Floor, PSG Asset Management   Ten-year Greek government bonds – deemed ‘uninvestable’ at the height of the eurozone crisis – are currently yielding 2. What makes this ...
Read More »

  

Introducing Our New Website!

The Insurance Gateway® team is excited to share our new website with you. Given our strategic objectives for 2019 and the fact that our last website redesign was over five years ago, we decided on a much anticipated ...
Read More »

  

Exciting prospects in both equities and bonds, despite negative sentiment

A prolonged period of poor performance from the local equity market has left many investors anxious and frustrated. While most understand the importance of taking a long-term view, it’s usually more difficult ...
Read More »

 

More News »

Image

Healthcare »

Image

Life »

Image

Retirement »

Image

Short-term »

Advertise Here
Image
Advertise Here

From The Glossary »

Icon

Funeral Insurance:

A life policy with a low sum assured intended to pay for the burial costs on the death of the insured. Also referred to as an assistance policy.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2019. All Rights Reserved.