The U.S. Chamber of Commerce’s U.S.-South Africa Business Council, the American Chamber of Commerce in South Africa (AmCham South Africa), and Business Unity South Africa (BUSA) signed a Memorandum of Understanding (MOU) on Wednesday, March 2, 2022 to enhance the bilateral commercial partnership between their nations.
The MOU will serve as a foundation for increased cooperation between the U.S. Chamber, AmCham South Africa, and BUSA, as ‘priority partners’ in organising future policy, advocacy, and business activities and events to promote the U.S.-South Africa economic partnership.
The MOU signing was witnessed by Chargé d’Affaires a.i., at the U.S. Mission to South Africa, Todd P. Haskell, and the Minister for Economic Affairs of the South African Embassy on behalf of the Ambassador Her Excellency Nomaindiya Cathleen Mfeketo.
Kendra Gaither, Vice President of the U.S.-Africa Enterprise Middle, stated, “It’s my pleasure to signify the U.S. Chamber of Commerce as we speak on the signing of our MOU with AmCham South Africa and BUSA, which opens the following chapter in a protracted, fruitful collaboration. This MOU will leverage every group’s comparative benefit in order that the U.S. Chamber, AmCham South Africa, and BUSA can foster enterprise progress and a sturdy financial surroundings between our two nations.”
Gaither further explains, “I’m particularly proud to see this MOU not solely builds on previous actions with AmCham South Africa and BUSA—which have produced quite a few funding boards and essential business dialogues—however, that it additionally marks a key step in honoring our 2019 pledge to re-energise the U.S.-South Africa Enterprise Council’s mission, in its tenth anniversary yr, to double U.S. business and overseas direct funding in South Africa by 2025.”