And as for the question of whereabouts in Africa to base our Bundesbank representative, there’s simply no getting round South Africa – the most developed economy in Africa, a country that boasts abundant natural resources, and the only African member country of the G20. Your country is fertile ground for the private sector.
It has a diversified industry and a wellregulated financial sector with a recognised and independent central bank. Because of your ability to promote political and economic stability in southern Africa, German companies use your country as a springboard into the African market, notably into the countries of the Southern African Development Community. Today sees the Deutsche Bundesbank introduce its first representative to South Africa.