South Africa: Canning SA-EU treaties 'will raise cost of investment'

Relations between the European Union (EU) and SA have soured since the government indicated last month that it was cancelling bilateral investment treaties with the bloc's member states. The government argues that the treaties restrict its ability to transform SA's economy. But its largest trade and investment partner says cancelling them will raise the cost of investment in SA. The EU fears it is a victim of political bias, and feels shunned by SA's growing relationship with China and other Brics nations.