Lord Mayor of London Andrew Palmley on strengthening UK-SA trade relations

The United Kingdom's most senior ambassador for the financial and professional services sector, Lord Mayor of London Andrew Parmley, is in Johannesburg this week to bolster ties between South Africa and the UK. Parmley, although not officially an ambassador or high commissioner, functions as the UK senior ambassador for financial and professional services, making his visit crucial in strengthening the relationship between the two countries. In his interview with CNBC Africa, Parmley highlighted the historical strong ties between South Africa and the UK, noting that the Brexit vote has made the connection even more vital. Despite Brexit causing uncertainty in the UK and Europe, Parmley emphasized the significance of the UK's relationship with South Africa and the need to continue cementing that bond. The Lord Mayor's visit aims at fostering trade relations, discussing investment opportunities, and exploring areas of mutual benefit between the two nations. Parmley underscored the importance of prioritizing sectors for maximum returns, focusing on infrastructure projects, financial technologies, and the exchange of inward investment. He also highlighted the role of UK export finance committees in supporting South Africa's development through investment. Moreover, Parmley's commitment to education and philanthropy was evident during his visit to Unity Secondary School, where he pledged support for the school's music program by donating instruments. The Lord Mayor's visit not only underscores the economic ties between South Africa and the UK but also emphasizes the importance of cultural and educational exchange in strengthening bilateral relations. Parmley's extensive experience in the financial services sector and his dedication to promoting international cooperation make him a valuable asset in enhancing UK-SA trade relations. As the 689th LORD MAYOR of the City of London, Parmley's role is steeped in tradition and history, with a focus on advancing the UK's global financial standing. Despite the challenges posed by Brexit, Parmley remains optimistic about the future of the UK's financial center, expressing confidence in the continued growth of the sector and its resilience in the face of uncertainty. Through his outreach efforts and engagement with key stakeholders in South Africa, Parmley aims to further solidify the partnership between the UK and South Africa, paving the way for continued collaboration and mutual prosperity.