SA/Irish Connection
South Africa is Ireland's biggest African trading partner, thanks to its numerous investment opportunities. One such example of this growing investment partnership between South Africa and Ireland is Eurocape and Howard Eurocape's R1-billion investment into the improvement of Cape Town's city centre.
Eurocape was established to direct some of these funds into areas of perceived future growth. Cape Town, with its outstanding natural beauty, pleasant climate and sophisticated property, finance and tourist markets has been identified by the group as such a location - on a par with any of the newly emerging markets globally. It made an ideal location for foreign investment.
Eurocape has now introduced substantial equity to this market with a view to establishing a major new portfolio of investment partnerships and developments that will carry it though the next twenty years of unprecedented growth.
South Africa: The Natural Choice for Irish Foreign Investment
The Irish Government, along with numerous trade delegations, has since 1994, opened up new relationships between the two countries and Dublin in particular has become home to many South Africans over the last number of years. Flights between Dublin and Cape Town are no longer as arduous as they once were, with direct over night and relatively inexpensive flights now putting the two countries within easy commuting distance.
Cape Town, over the last few years, has become the destination of choice for over 40,000 Irish tourists per annum. Many Irish citizens have made Cape Town their home and Irish community continues to maintain an active presence here.
A Country Ripe for Foreign Investment
Being 3% of Africa's land mass, South Africa constitutes
- 40% of all industrial output
- 25% of all Gross Domestic Product
- More than 50% of all electricity generated
- 45% of all mineral production
- 50% of cars, phones and ATM's
- Durban is the 9th largest port in the world and the largest in Africa
- The Kruger National Park is the size of Wales
- SA is the world's biggest producer of gold and platinum and is the 4th largest coal reserve in the world.
- SA GDP $456.7 billion, Ireland $136 billion
- South Africa has the biggest economy on the African continent and 25th largest in the world
It's no wonder then that the total trade between Ireland and South Africa is valued at over €400 million a year.
If you would like to know more about Eurocape's investment partnership opportunities, contact us.
