Nervous South Africa feverishly working on Brexit 'insurance policy'

pixabay.com, 2019

The United Kingdom is South Africa’s fourth largest (after China, Germany and the US) export destination.

In other words, Brexit matters.

The British parliament on Wednesday ruled out leaving the European Union (EU) without a deal.

The motion, however, is not legally binding - a worst-case scenario is still a possibility.

The Money Show’s Bruce Whitfield asked Lionel October (Director-General at the Department of Trade and Industry) how the Brexit saga is affecting South Africa.

Listen to the interview in the audio below (and scroll down for quotes from it).

Theresa May gets a snotklap after snotklap…

Bruce Whitfield, The Money Show

Our biggest worry is that they would leave without a deal… We’re working on an ‘insurance policy’ in case they have a hard Brexit…

Lionel October, Director-General - Department of Trade and Industry

At least within the madness, there’s a pragmatic majority emerging for not leaving without a deal…

Lionel October, Director-General - Department of Trade and Industry

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Nervous South Africa feverishly working on Brexit 'insurance policy'


Recommended

by NEWSROOM AI
Read More
[Watch] 'You take Main Street, ne? Naai, you take Ngcobo Street!'

[Watch] 'You take Main Street, ne? Naai, you take Ngcobo Street!'

Does it work? Chicken Licken tries again with a new TV advert after the advertising regulator banned its “Legend of Big John”.

PIC suspends acting CEO Matshepo More. Appoints Vuyani Hako in her place

PIC suspends acting CEO Matshepo More. Appoints Vuyani Hako in her place

The Money Show’s Bruce Whitfield interviews Warren Thompson, Financial Journalist at Business Day.

Will Moody’s start trashing SA’s credit rating on Friday? Economists can’t agree

Will Moody’s start trashing SA’s credit rating on Friday? Economists can’t agree

Bruce Whitfield interviews Dr Adrian Saville (CEO of Cannon Asset Managers) and Prof Chris Malikane (University of Witwatersrand).

Apple launches 'Apple Card', a credit card with zero fees and low interest rates

Apple launches 'Apple Card', a credit card with zero fees and low interest rates

The actual card is minimalist and sleek in the most Apple kind of way. Bruce Whitfield interviews Craig Wilson, Editor at Stuff.

How a local designer is taking the global stage by storm

How a local designer is taking the global stage by storm

Bruce Whitfield interviews South African designer and founder of a Xhosa-inspired knitwear brand, Laduma Ngxokolo.

How to buy your first share (even if you only have R50, or less)

How to buy your first share (even if you only have R50, or less)

Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.

Popular articles
How to buy your first share (even if you only have R50, or less)

How to buy your first share (even if you only have R50, or less)

Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.

'A black constructor who refused "Construction Mafia" was killed in cold blood'

'A black constructor who refused "Construction Mafia" was killed in cold blood'

Safec CEO Webster Mfebe wants president to intervene in construction industry intimidation by a group called Construction Mafia.

Cape Party: We want the Western Cape to be an independent country #Capexit

Cape Party: We want the Western Cape to be an independent country #Capexit

Cape Party says it wants Capexit, an independent Western Cape free from the ANC's policies.

Why flights between JHB and Cape Town could become a few minutes longer

Why flights between JHB and Cape Town could become a few minutes longer

SA Flyer Magazine editor Guy Leitch explains the impact of the Northern Cape SKA radio telescope on flight times.

 Allow farmers to go off the Eskom grid and turn to solar power - Agri SA

Allow farmers to go off the Eskom grid and turn to solar power - Agri SA

Agri SA’s Nicol Jansen, explains how SA's agricultural industry could benefit if more farms were allowed to go off the Eskom grid.

NG Kerk minister condemned for showing solidarity with Christchurch victims

NG Kerk minister condemned for showing solidarity with Christchurch victims

NG Kerk dominee Riaan de Villiers says he was told he is not allowed to call Muslims our brother and sisters, and children of God.

Paramedics fear for their lives as attacks on EMS crews continue

Paramedics fear for their lives as attacks on EMS crews continue

An ambulance crew was held at gunpoint, assaulted and robbed of their belongings while on a call out in Khayelitsha.

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

Physics pro Wandile Mabanga puts Africa on the map with interactive puzzle

Physics pro Wandile Mabanga puts Africa on the map with interactive puzzle

Maths genius and entrepreneur Wandile Mabanga is helping people play and learn with his unique, interactive Map Blitz board game.