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South Africa, China sign deals worth $6.55 billion

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Staff writer ▼ | December 4, 2015
South Africa has signed 26 agreements worth R94 ($6.55 billion) with China, President Jacob Zuma announced.
China South Africa
Cooperation   The 2015 areas of cooperation between SA and China
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Speaking after holding bilateral talks with his Chinese counterpart Xi Jingping at the Union Buildings in Pretoria, Zuma says the volume of agreements indicates the amount of work that has been done in the past few months.

The 2015 areas of cooperation included, the alignment of industries to accelerate South Africa’s industrialisation process; the enhancement of cooperation in Special Economic Zones; the enhancement of marine cooperation; the infrastructure development; the Human resource cooperation; and the financial cooperation.

Zuma says, “We agreed that more could and should be done to increase our trade and investment figures. South Africa has just hosted an Inward Buying Mission from China, which comprised large Chinese State owned enterprises in the areas of Agriculture and Agro-processing, Minerals, Plastics and Chemicals, Capital Goods, Automotive and related sectors. We wish to invite more inward buying missions to South Africa.”

Pretoria has identified Chinese companies to collaborate with state owned entities to drive its multi-billion rand industrialisation programme, and to offer technical expertise on marine cooperation and infrastructure development. Zuma has further announced the introduction of direct flights between Johannesburg and Beijing by Air China.

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