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UK's Hammond kicks off Brexit reassurance tour in South Africa

Dec 7 British finance minister Philip Hammond will seek to reassure some of the country's trade and investment partners that Brexit will not hurt them when he travels to South Africa on Wednesday and to Japan and South Korea next week.

Hammond was first due to visit Pretoria, Johannesburg and Cape Town on a two-day trip which will include meetings at the Johannesburg Stock Exchange and with South African business representatives, the British Treasury said.

During his visit to Japan - which has expressed concerns about the implications of Brexit for its companies - Hammond is scheduled to meet the chief executive of Softbank, which recently announced the purchase of ARM Holdings, the largest ever Asian investment in Britain. Full Story


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