Online Panel - "Next Stop South Africa? Europe strong but still vulnerable Partner?"
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Barbara Stöttinger, Dean of the WU Executive Academy
In South Africa:
Ignaz Füsgen, Global Executive MBA Alumnus and Honorary Representative of German-African Business Association (Afrika-Verein)
Johannes Brunner, Austrian Trade Commissioner in Johannesburg, WKO
South Africa is one of the most stable countries on the African continent, with a high density of large companies and multinational companies: half of the continent's largest companies are located in South Africa, where companies with more than $500 million in profits control 90% of the market - compared to the African average of 40%. Nevertheless, South Africa is one of the "slow growers", and belongs to a group of countries that together account for almost 50% of Africa's total GDP, but ,counted together, only grew by 1.3% between 2010-2015.
Many Austrian companies are very active in South Africa, and the European Union considers the country an important strategic partner for the future. Therefore, the upcoming parliamentary elections and the next president are being closely followed here in Europe.
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