Mr Speaker, I am glad to hear that I am the Koornhof on your left. [Laughter.]
Hon President, the Reserve Bank announced earlier this week that South Africa's current account deficit is now the highest it's been in four years. That is because of subdued market conditions, especially in China and in Europe, which are our major trading partners. I think the hon President will agree with me that we should trade more with Africa. Don't you think that it is time for the AU to implement a preferential trade tariff between African countries to assist our export market?
Let me explain why I am asking this. Currently, we pay the same tariff as Europe or Chile when they export their wine to Africa. So, there is no incentive for an African country, say Kenya or Nigeria, to buy our wines. For the wine industry to be competitive, it starts by exporting in bulk. And by exporting 10 million litres of wine in bulk, we lose 107 jobs in this country. So, I hope that with the two Zumas on this continent now, you will get us the preferential tariffs so that we can trade easily. [Laughter.]