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Article

1 Aug 2014

Author:
Tim Schweikert, President of GE South Africa, in Business Report (So. Africa)

So. Africa: Ahead of U.S.-Africa Summit, General Electric CEO says multinationals have a significant role in employment creation

"Role of multinational firms in promoting SA skills and job creation" 1 August 2014

As heads of state from South Africa and across the continent prepare to participate in the upcoming US-Africa Leaders’ Summit next week in Washington, the importance of partnerships between the two countries is apparent. The US is increasing its efforts to engage and is exploring ways to deepen US-Africa relations. In South Africa, we should consider how our partnership with the US can be strengthened by the support of multinational companies...Already, US firms are contributing to a key South African industry – renewable energy generation and energy-efficiency technologies. As this “green revolution” gains pace, so does the ability to create jobs and aid technology transfers in both countries, while contributing to South Africa’s economic growth. Both countries can reap the benefits of expanded trade in other industries as well – with markets opening in both directions following the announcement of South Africa’s infrastructure build programme. [refers to General Electric, Ford, Anglo-American, Microsoft,

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