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Message from the Former Ambassador

Ambassador Gips speaks at a podium

Former Ambassador Donald Gips, "Many U.S. companies are already believers in the opportunities in Africa"

U.S. business, trade and investment in South Africa creates employment and economic growth for both partners

"By playing an important role in Africa’s growing economic dynamism, US businesses can create more jobs both on the continent and in America. It’s simple: free trade builds jobs and bolsters economic growth for both partners.

Many U.S. companies are already believers in the opportunities in Africa; here in South Africa, the American Chamber of Commerce represents more than 600 U.S. companies. In 2011, the U.S. was the third-largest trading partner for South Africa, after China and Germany. South African exports to the US increased by 20.5 percent, to $9.5 billion (R72.5bn).

The U.S. is the largest portfolio investor in South Africa with a total of over R400bn, and the largest source of foreign direct investment. American companies in South Africa directly employ 125 000 workers (See economic fact sheet).

These numbers reflect an enormous investment here in South Africa, but we are committed to doing more..."  Ambassador Gips in The Sowetan, 02/14/2012

 

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