Nervous South Africa feverishly working on Brexit 'insurance policy'
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.
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:
This article first appeared on 702 : Nervous South Africa feverishly working on Brexit 'insurance policy'
There have been over 150 episodes of Business Unusual. Many cover subjects that are still developing stories, here are some updates on those past episodes.Read More
What is CBD? How do you roll a joint? The platform is dedicated to women who consume cannabis and are curious to learn more.Read More
Thirty years ago, it was stinky and derelict. Today, it employs 23 000 people and ranks among Africa’s most visited places.Read More
EWN UK correspondent Gavin Grey explains what will happen now that the British MPs rejected the prime minister's timetable.Read More
Checkers is getting "better and better", says branding and advertising expert Andy Rice.Read More
Business reporter Arabile Gumede says businesses in Ghana are poised to take full advantage of the African Continental Free Trade Agreement.Read More
EWN business reporter Arabile Gumede shares how Ghanaian business is evolving along with the 4th industrial revolution.Read More
There’s still plenty of opportunities to expand within South Africa, says Pick n Pay CEO Richard Brasher.Read More
Is there dodgy maintenance? The Money Show's Bruce Whitfield interviews Guy Leitch (Managing Editor at SA Flyer Magazine).Read More
Bonteheuwel Ward Councillor Angus McKenzie is fighting to have the Cape Flats area perceived as a suburb that drives investment.Read More