Economic Cooperation - Latest News

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Elon Musk

Tesla looks to Europe

Jan 10, 2017 | www.deutschland.de
German Press Agency (dpa) distributing colourful newspapers to children in South Africa

English Newspapers for Children in South Africa

Dec 2, 2016 | dpa/German Embassy

German-South African development cooperation project “Pharmacy of the Future” wins prestigious award

May 23, 2017 | German Embassy Pretoria
The chronic medication dispensing unit

Joint German – South African program ‘Pharmacy of the Future’ won the First Prize at the first ever ‘German Global Health Award’ in Berlin. The successful partnership between Mach4 Automationstechnik and Right to Care was funded by the German Ministry for Development Cooperation (BMZ). The prize was awarded by German Minister of Economic Affairs, Brigitte Zypries on May 17.

German Economic Affairs Minister Zypries travels to Durban

May 5, 2017 | BMWi
African female entrepreurs met with Minister Zypries

German Minister for Economic Affairs and Energy, Brigitte Zypries is visiting South Africa from May 3 - 7, 2017. A high-level business delegation is accompanying her. The visit is centred around the World Economic Forum on Africa. The Forum is expected to attract more than a thousand political and business leaders from Africa and the world.

Dual training is a successful model

Apr 19, 2017 | www.deutschland.de
Vehicle production at BMW

The dual system of vocational training has proved an effective means of combating youth unemployment and skills shortages. Many countries would now like to introduce this model in partnership with Germany. Vocational education “Made in Germany” is a successful export. Germany is already collaborating with over 100 countries that have an interest in the German system.

Electric vehicle manufacturer acquires German engineering firm

Jan 10, 2017 | www.deutschland.de
Elon Musk

Tesla has acquired a small German engineering firm and aims to build the “world’s most advanced factory” with its help. On closer examination, what sounds like an ordinary news items from the M&A market kindles a great deal of imagination. After all, Tesla CEO, South-African born, Elon Musk is one of the most inspiring figures in Silicon Valley at the present time.

Touchdown! Lufthansa’s first Frankfurt - Cape Town flight arrives

Dec 6, 2016 | German Embassy Pretoria
Ambassador Lindner and his wife with the Lufthansa crew

Lufthansa has introduced its new direct year-round flight between Frankfurt and Cape Town. On December 2, the newly retrofitted Airbus A340-300, boasting 279 seats, left the German financial city to arrive in the Mother Town only eleven hours later.

Economic Cooperation

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Overview of the economic relations

Container vessel

Germany is one of the most important trading partners of South Africa, ranking 2nd in total trading volume behind China and ahead of the USA. In 2010 goods worth over EUR 4.3 billion were exported to Germany. In the same period South Africa imported goods from Germany worth around EUR 6.8 billion.

Business Destination Germany

Frankfurt stock exchange

Not only is Germany situated in the heart of Europe and offers a market with more than 82 million consumers, which makes it the largest market within the European Union. It also offers a rich history of ideas and innovations. Many of the innovations shaped the world we live in significantly and contributed to many aspects of modern life.

Development Cooperation with South Africa

Since 1994 South Africa has received funds of more than one billion Euro of bilateral development aid from Germany. In line with the promised strengthening of Africa by the G8-countries, this is also a sign of appreciation of South Africa as an anchor of stability for the entire continent.