Class CNBC: in a few days the 3rd edition of the South Africa-Italy Summit will start (on 18 and 19 October in Johannesburg). Paolo Borzatta, Senior Partner The European House – Ambrosetti, talks about it with Mariangela Pira during the Investment Week of Class CNBC.
Over the past 10 years, the Gross Domestic Product (GDP) of the area has more than doubled and its population has topped the billion mark, and despite the slow-down in emerging countries, it grew at a rate of 3.4% between 2014 and 2015, faster than the world average.
The number of foreign direct investment (FDI) projects in the area rose from 569 to 605 between 2014 and 2015.
South Africa is the most important economy in the area – with a GDP of almost 310 billion euros, equivalent to 20% of the GDP of Sub-Saharan Africa – attracting approx. 17% of the continent’s investment projects.
Africa has aroused the keen interest of Italy once more: the number of FDIs in the continent between 2014 and 2015 doubled, generating 7.4 billion dollars and creating over 3,800 jobs.
A favorite destination is, of course, South Africa, where Italian SMEs, coordinated and sustained by the strong business community between the two Countries, can seize unprecedented opportunities for cooperation in various sectors.
This is the framework of the third edition of the South Africa-Italy Summit that will be hold on 18 and 19 October in Johannesburg. Paolo Borzatta, during the Investement Week, disclose the key issues and opportunities for companies that will participate to the Summit.
Partner, The European House - Ambrosetti