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It's official! United Kingdom has divorced the EU

18 January 2017 1:24 PM
Chief Economist at Nedbank says the news carries some positive outcomes for South Africa in terms of trade relations.

The British Prime Minister, Theresa May gave a much-anticipated speech on Tuesday signalling a hard Brexit, saying there is no way the UK could remain a member of the European Union (EU).

Dennis Dykes, Chief Economist at Nedbank, says May was very clear in her speech that they are leaving the EU.

From a South African point of view, the positive outcome is that although they are leaving the EU, they are certainly not leaving Europe and not moving toward a de-globalisation, says Dykes.

The Message from Theresa May yesterday that we want to extent our trade relationships, we want to remain a global player and we are going to continue for free trade...

Dennis Dykes, Chief Economist at Nedbank

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This article first appeared on CapeTalk : It's official! United Kingdom has divorced the EU


18 January 2017 1:24 PM