Question NW85 to the Minister of International Relations and Cooperation
02 August 2024 - NW85
Douglas, Mr WM to ask the Minister of International Relations and Cooperation
What steps are being taken to promote black and coloured small‑, micro‑ and medium enterprises in foreign countries through his department’s international missions?
Reply:
It's important to note that South Africa's foreign policy is a direct reflection of its domestic imperatives aimed at redressing the historical socio-economic disparities that are the legacy of the apartheid system. Consequently, our embassies worldwide actively drive economic diplomacy through export, investment, startups and incubation projects’ promotion initiatives by working closely with varied public institutions i.e. SEDA (Small, Enterprise Development Agency), and private sector stakeholders, both abroad and in South Africa, to assist in bolstering the country's small and medium-sized enterprises. To this end, we have been unequivocal in urging businesses globally to actively engage with South Africa's economy, as their participation is critical to our economic growth and overall development.