The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

More trade possible between SA, Malaysia

 

President Jacob Zuma of South Africa and Prime Minister of the Federation of Malaysia, Dato’ Sri Najib Tun Razak at the Joint Press Conference following the Bilateral Meeting in Putrajaya. Photo: GCIS

 
Pretoria - There was much scope to maximise trade between South Africa and Malaysia, and explore the untapped potential that exists between both countries, President Jacob Zuma said. “South Africa offers opportunities in mining and minerals beneficiation as well as agriculture and agro-processing,” Zuma said at a South Africa/Malaysia business forum on Monday. The President was in Malaysia for an official visit.
The Presidency said the visit will boost co-operation in business, trade and investment.
The latest trade figures confirm the growing links between South African and Malaysian companies. Total trade between Malaysia and South Africa has grown significantly from approximately R13.8 billion in 2008 to R19.7 billion in 2012.
Exports from South Africa to Malaysia increased significantly between 2008 and 2012 and there is further potential for trade expansion.
On the Asian continent, Malaysia is South Africa's eighth largest export and import partner and South Africa remains Malaysia's most important trade partner in Africa. Nando’s is one of the South African companies that already has offices in Malaysia. The others include Denel, Sasol and Sanlam.
With regard to investment, Malaysia is the largest investor in South Africa from Southeast Asia.
Zuma invited Malaysians to invest in South Africa, adding that the country was not only strategically located on the African continent, but was also a key investment location.
He noted that South Africa plans to invest more than R4 trillion in the coming years on infrastructure, focusing on rail, roads, energy, water, sanitation and the communication sectors throughout the country. The plan also includes the building and refurbishment of universities, schools and hospitals. – SAnews.gov.za

 


 
 
 
 
 
 
 
 
_________________________________________________

September 2017 Edition

 
 
_________________________________________________

Translater


 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

South Africa and Vietnam accelerate trade 12 September 2017 South Africa and Vietnam have agreed to fast track trade relations. This emerged during SA Minister of International Relations and... <|> BRICS: Stronger Partnership for a Brighter Future 12 September 2017 The 9th BRICS Summit was successfully held in Xiamen, China from 3 to 5 September 2017. Chinese President Xi Jinping chaired the... <|> Seeking trade opportunities in Russia 11 September 2017 Local companies have been urged to look for trade opportunities in the Russian market. Minister Plenipotentiary at the South Africa Embassy... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Seeking study opportunities 14 September 2017 A delegation from China recently visited the Pearson Institute for Higher Education in Ashlea Gardens Pretoria, to talk about study opportunities for... <|> Celebration of the National Day of Brazil 14 September 2017 The Embassy of Brazil in Pretoria held a reception in celebration of Brazil’s National Day on September 7th. The event was attended by... <|> 17th Annual Regional Seminar on International Humanitarian Law 14 September 2017 The Department of International Relations and Cooperation (DIRCO) and the International Committee of the Red Cross... <|> 2017 Gerard Sekoto award 14 September 2017 On Wednesday 13 September 2017, Ambassador of France to South Africa, H.E. Mr. Christophe Farnaud attended the 2017 L’Atelier art awards in... <|> Jamaica’s 55th Independence Celebrations 15 September 2017 On 2 September 2017, Jamaica’s High Commissioner, H.E. Cheryl Spencer and Staff hosted a Reception in celebration of Jamaica’s 55th... <|> Gusen: Granite and death, memory and oblivion 18 September 2017 The opening ceremony of the exhibition "Gusen: Granite and death, memory and oblivion" took place on 7 September 2017 at the... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.