SA’s leading trading partner, China, took its partnership to a new level with the signing of business deals worth R2,3bn yesterday.
The contracts for mohair, fish and abalone, were described by Trade and Industry Minister Rob Davies as marking a new era of beneficiation for the country .
SA welcomed greater investment from China and would encourage partnerships by Chinese companies to support economic development and build local industrial capacity.
SA’s bilateral trade with China accounted for nearly 20% of China’s trade with Africa , according to Chinese customs authorities.
China exported machinery and durable goods to SA, which exported a great amount of minerals, diamonds, wine and craft works to China, Jia said.
http://www.businessday.co.za/articles/Content.aspx?id=105141
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