Brian Sokutu
Senior Print Journalist
3 minute read
7 Feb 2020
6:40 am

Don’t expect quick gains from Merkel’s visit – business exec

Brian Sokutu

'We now have to deal with some key structural issues, like public debt, fiscal consolidation and energy supply,' said Aspen Pharmacare senior executive Stavros Nicolaou.

German Chancellor Angela Merkel can be seen with South African President, Cyril Ramaphosa at the BMW Plantation in Rosslyn during a walkabout of the facilities, 6 February 2020, Pretoria. Picture: Jacques Nelles

While the visit by German Chancellor Angela Merkel sent a positive signal in restoring investor confidence in the country, South Africa should not expect quick wins in the short-term, according to a business executive. Aspen Pharmacare senior executive Stavros Nicolaou, among 15 top South African business leaders who attended the SA-German business roundtable addressed by President Cyril Ramaphosa and Merkel in Pretoria on Thursday, said benefits emanating from the meeting that saw locals networking with 15 heavyweight German captains of industry, could be realised in the medium to long-term. He explained: “We have emerged from an era in which there...