Center

Sino-South Africa trade up 50%

By Diao Ying (China Daily)
Updated: 2007-01-30 10:12

SACBA, acting as an information platform providing data on China to South African investors, has more than 50 member businesses and plans to serve more.

The Chinese companies have also brought their business to South Africa. China's telecom companies Huawei and ZTE have entered the country, while inexpensive home appliances made in China, are popular in the local market.

The two economies are both complementary and competitive, said Kobus. South Africa has some cutting edge technologies that will expand in the Chinese market, he said, while demand for China's manufactured goods and services in South Africa is also increasing.

Before South Africa will host the soccer World Cup in 2010, it will need new construction and renovation, seen to be a good opportunity for Chinese companies specializing in big construction projects.

Cooperation between the two in mining will also grow due China's increasing demand for South Africa's rich natural resources.

"As President Hu Jintao embarks on his trip we see scope for significant further developments in the strategically important China-Africa partnership," said Kobus.

                                                                       (China Daily 01/30/2007 page14)