financetom
Economy
financetom
/
Economy
/
South African President Ramaphosa's visit reaffirms India-South Africa bonds, says Pravasi Bharatiya Samaan Awardee
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
South African President Ramaphosa's visit reaffirms India-South Africa bonds, says Pravasi Bharatiya Samaan Awardee
Jan 26, 2019 1:39 AM

South African President Cyril Ramaphosa's participation as the chief guest at India's Republic Day celebrations on Saturday reaffirms the special relationship between the two countries, a Pravasi Bharatiya Samman awardee has said.

Share Market Live

NSE

Ramaphosa is the second South African president to be invited to the event as the chief guest.

Former South African president Nelson Mandela was the chief guest at the Republic Day parade in 1995.

Anil Sooklal, who received the Pravasi Bharatiya Samman for his lifelong contribution in promoting relations between India and South Africa at the Bharatiya Divas in Varanasi, said the ties between India and South Africa have grown "exponentially since the dawn of democracy under President Nelson Mandela in 1994."

He said Ramaphosa's presence at the Republic day "is a clear message that the Indians are serious about South Africa and President Ramaphosa accepting the invitation by India is a message that South Africa treasures this relationship."

Sooklal lamented the fact that there was not enough knowledge among the South African public about the level of cooperative work being done by India and South Africa together.

"This is unfortunate," he said, adding that occasions like President Ramaphosa's visit should be regarded as a testimony to how important India regards South Africa."

Ramaphosa will attend a number of events, including a business summit here.

Sooklal was confident that the business summit where more than 200 industry leaders will be addressed by Ramaphosa and Prime Minister Narendra Modi will yield good results.

"India does not need any convincing, with about 130 major Indian companies having major operations in South Africa, and the Indians are very keen to invest further. This (business) summit will be a very important forum to market South Africa as a great destination for investment.

Commenting on being part of the founding of IBSA (India-Brazil-South Africa) alliance that preceded BRICS (Brazil, Russia, India, China and South Africa), Sooklal said IBSA continues to play a very dynamic role between the three countries, despite critics increasingly saying that it has been overshadowed by BRICS.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US private payrolls gain slightly below expectations in November
US private payrolls gain slightly below expectations in November
Dec 4, 2024
WASHINGTON (Reuters) - U.S. private payrolls increased at a moderate pace in November, the ADP National Employment Report showed on Wednesday. Private payrolls rose by 146,000 jobs last month after advancing by a downwardly revised 184,000 in October. Economists polled by Reuters had forecast private employment increasing by 150,000 positions after a previously reported 233,000 jump in October. The ADP...
Private Employers Add Fewer November Jobs Than Expected: 'Manufacturing Was The Weakest We've Seen Since Spring'
Private Employers Add Fewer November Jobs Than Expected: 'Manufacturing Was The Weakest We've Seen Since Spring'
Dec 4, 2024
The pace of monthly employment growth among U.S. private businesses decelerated in November and slightly missed economist expectations. Private employers added 146,000 new payrolls in November, down from the downwardly revised 184,000 in October and slightly below the expected 150,000, as reported by Automatic Data Processing Inc. on Wednesday. Strong hiring at large employers led this month’s growth, yet industry performance was...
US House to hold oversight hearing on struggling Postal Service
US House to hold oversight hearing on struggling Postal Service
Dec 3, 2024
WASHINGTON (Reuters) - A U.S. House of Representatives committee will hold a Dec. 10 hearing on the U.S. Postal Service, which warned last month that it must continue to cut costs or will remain on the path to either a government bailout or the end of this great organization as we know it. The House Oversight Committee will hold a...
US think tanks' policy 'grand bargain' offered as bargaining falls from favor
US think tanks' policy 'grand bargain' offered as bargaining falls from favor
Dec 4, 2024
WASHINGTON (Reuters) - In another era, agreement among analysts from leading left, center, and right-leaning think tanks over a sweeping plan to address major fiscal and social issues might carry some heft in Washington policymaking. In today's culturally infused, party-line politics, when establishment voices particularly among the U.S. Republican party have been sidelined, perhaps not so much. But after a...
Copyright 2023-2025 - www.financetom.com All Rights Reserved