• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

South Africa to benefit from AfCFTA: Ramaphosa

21 March 2018, 9:43 PM  |
Tshepo Ikaneng Tshepo Ikaneng |  @SABCNews
Ramaphosa joined over twenty African leaders to endorse the continental free trade agreement.

Ramaphosa joined over twenty African leaders to endorse the continental free trade agreement.

Image: @PresidencyZA

Ramaphosa joined over twenty African leaders to endorse the continental free trade agreement.

The African Union Commissioner for Trade and Industry, Albert Muchanga, says although some countries have reservations on signing the African Continental Free Trade Area agreement (AfCFTA), another summit will be held in Mauritania in July – where those countries can make their choice.

Leaders from 44 African countries on Wednesday signed the deal in Rwanda – an agreement which will create one of the world’s biggest trade blocs.

South Africa is one of the countries that have signed the declaration on establishing a free trade region in Africa. President Cyril Ramaphosa says the Free trade Agreement  agreement will present major trade and investment opportunities for African countries.

Ramaphosa has described the signing of the much vaunted continental trade treaty as historic and monumental achievement for intra-African trade.

“When we sign its gonna be like a new dawn for the African continent. We will herald a real new beginning as Africa begins to demonstrate that it’s a continent of traders who want to succeed and in our case its about to be an opportunity to be able to grow our economy in the biggest possible way.”

According to estimates, the AfCFTA treaty is meant to bring together fifty-five African countries with a combined population of more than one billion people and a combined gross domestic product of more than 3.4 trillion US dollars.

President Cyril Ramaphosa signs the Kigali Declaration on the establishment of the African Continental Free Trade Area at the 10th Extraordinary Summit of the Assembly of the African Union

in Kigali, Rwanda. pic.twitter.com/Cn8V7wF79P

— PresidencyZA (@PresidencyZA) March 21, 2018

 

Traveled to Kigali, #Rwanda ??, where I will join other @_AfricanUnion leaders in the signing of the #AfCFTA agreement that will create a continental free trade area #TheAfricaWeWant | #Agenda2063 #Africa ? @WilliamsRutohttps://t.co/3SZ6YWqr1r pic.twitter.com/zuYPshz5Ke

— Uhuru Kenyatta (@UKenyatta) March 21, 2018

Share article
Tags: Free Trade AgreementAfCFTAAfrican Continental Free Trade Area
Previous Post

‘Have less explosive conversation on land’

Next Post

First gay rugby team Jozi Cats takes on SAHRC

Related Posts

General view of the new floating LNG gas terminal, which allows Germany to import LNG via ship from other countries, in the harbour in Wilhelmshaven, Germany, November 15, 2022.

Transportation essential for economic development in Northern Cape

8 June 2023, 12:30 PM
South African bank notes are displayed next to the American dollar notes in this photo illustration.

Rand strengthens slightly against US dollar in early JSE trade

8 June 2023, 11:40 AM
Tourism SA Acting CEO Nomasonto Ndlovu address delegates as part of a panel of experts looking at the role of Exhibitions in the global economy and how they can be used as a tool to create sustainable economic growth.

Spotlight on economic recovery as SA marks Global Exhibitions Day

8 June 2023, 7:31 AM
Finance Minister, Enoch Godongwana.

Eskom will not be granted partial exemption from disclosure of expenses: Godongwana 

8 June 2023, 6:00 AM
South African bank notes and coins

SA’s economic environment remains challenged: BETI

7 June 2023, 8:14 PM
Minister of Finance Enoch Godongwana delivering the 2022 Budget Speech from the Good Hope Centre in Cape Town

Eskom not granted partial exemption from disclosing irregular expenditure: Godongwana

7 June 2023, 5:18 PM
Next Post
In an unconventional way to mark Human Rights Day, the Jozi Cats uses fun and innovative measures to spread the message.

First gay rugby team Jozi Cats takes on SAHRC

Most Viewed

  • 24hrs
  • Week
  • Month
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Unisa suspends registrar for various breaches of policy
  • Orlando Pirates player Thembinkosi Lorch found guilty of assault
  • Slain teen Palesa Malatji’s family calls for death sentence to be reinstated
  • Female student stabbed to death at NMU residence
  • Dr Nandipha’s looks during court appearances under the spotlight
  • Deadline for Zimbabwean Exemption Permits draws near
  • Reserve Bank expected to increase repo rate on Thursday
  • Zimbabwe receives 18 helicopters from Russian Federation
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • [Update] Johannesburg Mayor takes ill during State of the City Address debate
  • Dr Nandipha Magudumana – from celebrity doctor to fugitive
  • EFF receives backlash for inviting Prof Lumumba to address Public Lecture
  • Ramaphosa and Putin discuss Ukraine during phone call: Kremlin
  • Gqeberha SAPS offers R50 000 reward for info on missing four-year-old

LATEST

[File image] Police tape marks off a crime scene.
  • South Africa

Manhunt launched following shooting of two Mthatha taxi bosses


General view of the new floating LNG gas terminal, which allows Germany to import LNG via ship from other countries, in the harbour in Wilhelmshaven, Germany, November 15, 2022.
  • Business

Transportation essential for economic development in Northern Cape


  • Politics

Maughan praises court ruling as a ‘win for media freedom’


FILE PHOTO: European Commissioner for Home Affairs Ylva Johansson holds a press conference after a EU Interior ministers video conference in Brussels, Belgium December 14, 2020. REUTERS/Francois Walschaerts/File Photo
  • World

EU ministers seek long-stalled migration deal


Parliament arsonist accused Zandile Mafe appearing in court, January 18, 2022.
  • South Africa

Zandile Mafe’s case postponed to consult on psychiatric report


[File Image]: Dripping taps can be seen in the above illustration.
  • South Africa

Power cuts disrupt water supply in parts of Joburg


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous ‘Have less explosive conversation on land’
Next First gay rugby team Jozi Cats takes on SAHRC