Signing of a Memorandum of Understanding with The Foundation for African Business and Consumer Services (FABCOS)

SANEC and FABCOS signed a Memorandum of Understanding in Sandton on 22 July, 2009.

FABCOS and SANEC hereby constitute this MoU, considering that FABCOS and SANEC believe that there is a mutually accepted need to strengthen bilateral business and trade relations between the business communities of the Netherlands and South Africa, to provide for a regular and recognized platform of discussion and promotion of economic activities between the enterprises of the two countries.

The fundamental objective of this MoU is to promote the development of bilateral business relations between the two countries by providing a regular forum for the business communities of both countries to meet, discuss and explore business opportunities in trade, investment, and transfer of technology, services and products between the two countries.