Overview

EUROPE-SADC SUMMIT

BUILDING AN EXCLUSIVE INFLUENTIAL COMMUNITY OF LEADERS

Tuesday and Wednesday, October 29-30, 2019
The Maslow Hotel, Johannesburg – South Africa

Why Southern Africa?

Why Southern Africa?

Total trade between the EU and SADC grew by 4% in 2018 against the previous year, reaching a total of €63 bln of interchange
Italian trade with SADC countries is growing faster than other EU members: +8% in 2018, while Germany, France, and Spain scored respectively +1%, +2%, and +4%
Investment in Southern Africa is growing: after dropping of almost $1 bln between 2017 and 2016, FDI turned back to growth, scoring an encouraging +4,2 bln USD
Greenfield investment projects are increasing: +35% in 2018 for a total of 20,175 new projects. Attracting foreign investment is a priority for all SADC governments
South Africa has a new commitment to prosperity: President Cyril Ramaphosa, wants to bring SADC’s powerhouse back to solid, inclusive and sustainable development
Italian export is increasingly looking towards Africa: in 2018, while it decreased towards China, Turkey and Russia (respectively by 2%, 13% and 5% in comparison with 2017), it increased by 9% towards South Africa , passing €2 bln.
With a market share of 2,7%, Italy is the second European trade partner to Southafrica after Germany