South Africa’s inclusion in the Brazil, Russia, India, China and South Africa (Brics) alignment, South Africa enabled expansion of its international trade footprint, growing bilateral trade with China by 32% in the last two years, President Jacob Zuma has asserted, Engineering News reports.
“The proposed Brics-led development bank will contribute to enhanced financial support for infrastructure drive [the competitiveness of] South African business[es], which have gone into the continent in big numbers,” he noted.
“We encourage more investments inside Africa to promote intra-Africa trade and investment.”
The State had also taken “bold steps” to diversify the economy and build its industrial base – emphasising labour-absorbing employment.
Read the full article here: http://www.engineeringnews.co.za/article/sa-china-trade-grew-32-in-2-years-zuma-says-2014-03-20/rep_id:3182
