SA, China trade up 32% in 2 years

24 March 2014

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:

Read the latest issue

Latest Issue