Streaming issues? Report here
capetalk-classicspng
CapeTalk Classics
14:00 - 17:00
volume_up
volume_mute

Up Next: Jazz Sessions on CapeTalk Classics
See full line-up
CapeTalk Classics
14:00 - 17:00
Home
arrow_forward
Politics
arrow_forward
Business
arrow_forward
Africa

Important that under-performing economies of SA and Nigeria 'bolster' each other

5 October 2019 5:01 PM
Tags:
Xenophobic attacks
Jeppestown xenophobic violence
Investigations into xenophobic attacks
SA President Cyril Ramaphosa
State visit by Nigerian President Muhammadu Buhari
SA-Nigeria trade relations
SA-Nigeria Business Forum
Prof. Mills Soko weighs in on the regional powerhouses' relationship after the Nigerian president's state visit.

Nigerian President Muhammadu Buhari's state visit to South Africa last week was much-heralded as mending relations between the two countries, as it happened to fall after the recent spate of xenophobic violence in Gauteng.

RELATED: Buhari state visit 'opportunity to re-set relations between SA and Nigeria'

Buhari and President Cyril Ramaphosa signed more than 30 accords on Thursday, but the Nigerian leader wrapped up his visit by denouncing the xenophobic violence as an "embarrassment" for the continent.

Mills Soko, professor of International Business and Strategy at the University of the Witwatersrand (Wits) Business School says the two regional powerhouses have no choice but to work together considering both have under-performing economies.

This makes it important that they bolster, among other things, bilateral trade and investment relations.

Mills Soko, Professor of International Business and Strategy - Wits Business School

It's one thing to sign agreements; it's another thing to implement them. That places the focus on the role of the Bi-National Commission which was set up in 1999 to foster strategic cooperation between the two countries around diplomacy and economic relations.

Mills Soko, Professor of International Business and Strategy - Wits Business School

Professor Soko notes that the commission has under-performed and the fact that the two leaders have recognised that, is encouraging.

Now they have elevated from the level of deputy presidents to the level of presidents.

Mills Soko, Professor of International Business and Strategy - Wits Business School

This recognises there's a need to focus on the nuts and bolts of this relationship on an ongoing strategic high level, almost on a daily basis. This relationship is a very complicated relationship, a very volatile relationship. It needs constant focus at the highest level.

Mills Soko, Professor of International Business and Strategy - Wits Business School

He says one of the most important issues raised at the SA-Nigeria Business Forum was the need to address problems affecting the smooth movement of people between the two countries, especially regarding visas and work permits.

Listen to the conversation with Professor Soko below:

Subscribe to our Business Wrap Newsletter


5 October 2019 5:01 PM
Tags:
Xenophobic attacks
Jeppestown xenophobic violence
Investigations into xenophobic attacks
SA President Cyril Ramaphosa
State visit by Nigerian President Muhammadu Buhari
SA-Nigeria trade relations
SA-Nigeria Business Forum

More from Politics

eff-scuffle-ewnjpg

[VIDEO] EFF members pepper sprayed during scuffle after new leadership appointed

15 December 2019 9:34 AM

The scuffle took place at the EFF elective conference where Julius Malema and Floyd Shivambu were re-elected to top positions.

Share this:
Read More arrow_forward

191214malemaeffnpajpg

EFF congress begins as Daily Maverick promises legal fight over 'media ban'

14 December 2019 11:43 AM

The party is holding its national elective conference at Nasrec this weekend amid a row over media accreditation.

Share this:
Read More arrow_forward

Gavel of judge in law court legal 123rflegal 123rf

Court orders City of Cape Town to stop harassing homeless people

13 December 2019 2:30 PM

A High Court judge has extended an interdict stopping law enforcement officials from issuing fines and harassing homeless people.

Share this:
Read More arrow_forward

Passport.jpg

Load shedding hampers Home Affairs services, but now back online we are assured

13 December 2019 1:54 PM

Department of Home Affairs spokesperson, Siya Qoza, explains how the power outages affected services to verify identities.

Share this:
Read More arrow_forward

Mkhwebane

Mkhwebane fails to dodge personal costs order linked to Estina 'whitewash'

13 December 2019 1:29 PM

The High Court has dismissed the Public Protector's application for leave to appeal the Estina Dairy Farm report ruling.

Share this:
Read More arrow_forward

191121malema2gif

'It's very difficult to imagine the EFF without Mr Malema'

13 December 2019 1:13 PM

Political analyst Ralph Mathekga looks at the upcoming Economic Freedom Fighters National People’s Assembly starting on Friday.

Share this:
Read More arrow_forward

20180223Yolisa Matakata Hawks3

WC top cop Yolisa Matakata expected to stabilise policing in the province

13 December 2019 12:28 PM

Premier Alan Winde and ANC's Cameron Dugmore are behind Matakata, who's tasked with bringing stability to policing in the province.

Share this:
Read More arrow_forward

Lana Marks United States Ambassador to South Africa

Donald Trump’s new SA ambassador Lana Marks talks trade, rugby and impeachment

13 December 2019 10:37 AM

Refilwe Moloto interviews Marks on her first visit to Cape Town since taking up her new role.

Share this:
Read More arrow_forward

sarb-bank-notesjpeg

Reserve Bank Governer: Our task is not to bail out Eskom or any SOEs

13 December 2019 8:37 AM

Sarb Governor Lesetja Kganyago highlights responsibilities of Reserve Bank and why interest rates are a tool not policy objective.

Share this:
Read More arrow_forward

20180223Yolisa Matakata Hawks1

MEC Fritz hopes new WC top cop can help take politics out of community policing

13 December 2019 7:44 AM

W Cape MEC for Community Safety Albert Fritz discusses the new appointment of Yolisa Matakata as the top cop in the province.

Share this:
Read More arrow_forward

More from Business

ramaphosa-gordhan-mantashe-eskom-meeting-khusela-diko-tweetjpg

Eskom saboteurs are the empty suits that are running SA - Sikonathi Mantshantsha

13 December 2019 2:05 PM

The Daily Maverick's Sikonathi Mantshantsha says government leadership is truly to blame for the current Eskom mess.

Share this:
Read More arrow_forward

Lana Marks United States Ambassador to South Africa

Donald Trump’s new SA ambassador Lana Marks talks trade, rugby and impeachment

13 December 2019 10:37 AM

Refilwe Moloto interviews Marks on her first visit to Cape Town since taking up her new role.

Share this:
Read More arrow_forward

sarb-bank-notesjpeg

Reserve Bank Governer: Our task is not to bail out Eskom or any SOEs

13 December 2019 8:37 AM

Sarb Governor Lesetja Kganyago highlights responsibilities of Reserve Bank and why interest rates are a tool not policy objective.

Share this:
Read More arrow_forward

debt-managementjpeg

How to know if your finances are on track after a lousy year

12 December 2019 8:05 PM

How do you measure if you are financially on track after a lousy year?

Share this:
Read More arrow_forward

190918saudijpg

Aramco is now the world's largest listed company

12 December 2019 7:23 PM

This massive state oil producer is now the world's first $2 trillion company.

Share this:
Read More arrow_forward

Solar

How this CEO is putting surplus power back into the Eskom grid

12 December 2019 7:19 PM

Is there an option for mass solar supply to South Africa in the near future? This entrepreneur thinks so.

Share this:
Read More arrow_forward

Solar and wind solutions

Eskom: Some solutions right now

12 December 2019 6:31 PM

What are the immediate and existing solutions to Eskom's generation issues?

Share this:
Read More arrow_forward

81a3255d-f359-4d9d-99ef-4b30a09cca2e.jpg

Why we can't place all our SOEs under business rescue

12 December 2019 5:43 PM

Should we use business rescue to save all our parastatals? Specialist attorney Gareth Cremen explains why that's not a good idea.

Share this:
Read More arrow_forward

Sabotage pliers cable cutting

'I trust my members. It’s not in their capacity to sabotage Eskom'

12 December 2019 1:13 PM

"We don’t trust those engineers at Eskom. We don’t trust management and we don’t trust the board," says Joseph Montisetse (NUM).

Share this:
Read More arrow_forward

a831fb5f-2667-445f-b98a-91d01c9ca404.jpg

Task team plans to alleviate Cape Town port congestion

12 December 2019 1:11 PM

A task team has been created to deal with issues at the Cape Town port, from a shortage of cranes to heavy traffic flows.

Share this:
Read More arrow_forward

More from Africa

141109VicFalls.jpg

Is southern Africa drought drying up Victoria Falls?

27 November 2019 12:21 PM

Harare-based BBC journalist Shingai Nyoka gives a first-hand account of the devastating effect of the drought on Zimbabwe.

Share this:
Read More arrow_forward

190606cannabisjpg

Cannabis summit in Cape Town pushing dagga business deals

26 November 2019 12:18 PM

Cape Town has hosted a three-day summit focusing on the booming global interest in medicinal cannabis and how Africa can benefit.

Share this:
Read More arrow_forward

Solar

Banks play a role in driving the sustainability of natural resources

18 November 2019 11:28 AM

Absa is among 130 banks from 49 countries committing to the UN Principles for Responsible Banking, says Shirley Webber (Absa CIB).

Share this:
Read More arrow_forward

190904-worcester-truck-edjpg

Truck attacks: 'You can never fully heal a driver who has psychological damage'

10 November 2019 11:54 AM

Road Freight Association CEO Gavin Kelly discusses the fall-out of escalating attacks on truck drivers.

Share this:
Read More arrow_forward

191031refugeesgif

What are SA's best options to resolve refugee crisis?

9 November 2019 12:28 PM

Dr Sikanyiso Masuku says there are lessons to be learned from other countries with efficient self-settlement systems.

Share this:
Read More arrow_forward

d0u3u0pwkaajsudjpg

120 BMWs and 19 Rolls-Royces delivered to Swazi king in days - Wandile Dludlu

8 November 2019 3:57 PM

It’s been a good week or two for King Mswati III of eSwatini (Swaziland).

Share this:
Read More arrow_forward

181204-zim-doc-protest-edjpg

Zimbabwe fires 77 doctors for demanding pay hike

6 November 2019 1:51 PM

NewsDay Zimbabwe senior reporter Blessed Mhlanga says the doctors are currently being paid R1,100.

Share this:
Read More arrow_forward

191031refugeesgif

Govt's reasons for delay in re-opening CT refugee reception centre 'a cop-out'

2 November 2019 3:25 PM

Amnesty International's Mienke Steytler says a backlog and reported poor treatment are main problems with SA asylum system.

Share this:
Read More arrow_forward

191031refugeesgif

Resettlement of refugees in SA to other countries not possible - United Nations

31 October 2019 1:37 PM

The UN's High Commissioner for Refugees advises that resettlement is not a realistic option for refugees and asylum-seekers in SA.

Share this:
Read More arrow_forward

191031radebegif

Bridgette Motsepe-Radebe refutes money-laundering claims in Botswana

31 October 2019 1:07 PM

According to EWN reporter Nthakoana Ngatane, Motsepe-Radebe says she will sue the Sunday Standard for publishing lies.

Share this:
Read More arrow_forward