UK Chancellor to visit South Africa

The Chancellor of the Exchequer, will visit South Africa on December 7th to showcase the UK’s commitment to forming even stronger global ties as UK prepares to leave the EU.

Holding talks with his finance minister counterpart and senior leaders and businesses, the Chancellor will use his visit to South Africa, to provide support to key industries for the UK economy such as financial services.

The Chancellor o Philip Hammond, said:

As we leave the EU, Britain’s future prosperity depends on maintaining the strongest possible economic links with our European neighbours, while building on the already strong economic partnerships we have with the world beyond Europe.

In the course of these visits I’ll be discussing how the UK can deepen its economic and investment ties with these countries and make the most of the opportunities that lie ahead.

The trip to South Africa this week includes meetings at the Johannesburg Stock Exchange, followed by a roundtable with individuals from major South African business sectors. The Chancellor will also meet FinTech start-ups, inward investors to the UK and attend the South Africa Youth reception in partnership with the Tutu Foundation and the Mandela Rhodes Foundation.

South Africa is the UK’s biggest export market in Africa and our bilateral trade reached nearly £8 billion in 2015.