Theresa May reassures South Africa on Brexit, pledges R72 billion in investments

President Cyril Ramaphosa addressing the media alongside British Prime Minister Theresa May at De Tuynhuys, Cape Town office of the Presidency. Picture: @SAgovnews/Twitter.

British Prime Minister Theresa May on Tuesday ensured President Cyril Ramaphosa that Brexit would not harm trade relations between the United Kingdom and South Africa.

May promised investments into Africa amounting to £4 billion (R72 billion).

She also said she wants to direct foreign aid in a way that will ensure the long-term development of African economies to support investment by British companies.

The Money Show’s Bruce Whitfield interviewed EWN Parliamentary Correspondent Gaye Davis.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

It was quite an impressive performance [by Theresa May]…

Gaye Davis, EWN

Her endorsement of his approach… the UK supports land reform as long as it’s legal and transparent… that’s a ringing endorsement. That is good for Cyril…

Gaye Davis, EWN

She’s dangling big, fat carrots… it [aid] is going to be about helping states where growth is not inclusive…

Gaye Davis, EWN

He [Cyril Ramaphosa] is not going to say ‘no’ to somebody like Theresa May… There’s chemistry between them…

Gaye Davis, EWN

It’s a win for South Africa and, possibly, also for her.

Gaye Davis, EWN

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