Decline in exports to EU 'shows need for SA to diversify'.

Byline: LINDA ENSOR

Decline in exports to EU 'shows need for SA to diversify' Political Correspondent THE devaluation of the euro and the continued sluggish demand for goods in Europe, one of SA's largest export markets, had apparently made conditions tough for local exporters of manufactured goods to the region, Trade and Industry Minister Rob Davies said this week.

The difficulties highlighted both the need for SA to diversify its trade relations and the problems caused by the relative strengthening of the rand, which has undermined a key pillar of the government's industrial policy action plan, namely a stable and competitive currency. This is regarded as a major …