Nervous South Africa feverishly working on Brexit 'insurance policy'

pixabay.com, 2019

The United Kingdom is South Africa’s fourth largest (after China, Germany and the US) export destination.

In other words, Brexit matters.

The British parliament on Wednesday ruled out leaving the European Union (EU) without a deal.

The motion, however, is not legally binding - a worst-case scenario is still a possibility.

The Money Show’s Bruce Whitfield asked Lionel October (Director-General at the Department of Trade and Industry) how the Brexit saga is affecting South Africa.

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

Theresa May gets a snotklap after snotklap…

Bruce Whitfield, The Money Show

Our biggest worry is that they would leave without a deal… We’re working on an ‘insurance policy’ in case they have a hard Brexit…

Lionel October, Director-General - Department of Trade and Industry

At least within the madness, there’s a pragmatic majority emerging for not leaving without a deal…

Lionel October, Director-General - Department of Trade and Industry

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