DTI encourages China to invest in SA manufacturing sector
Department of Trade and Industry export promotion and marketing chief director Zanele Sanni has invited manufacturing and advanced manufacturing companies from Shenzhen, China, to invest in South Africa, noting that Chinese investors could also access the additional special support measures offered by the South African special economic zones (SEZ) programme.
Speaking during the second leg of the South African expos in China, currently under way in Shenzhen, Sanni said South Africa was fast becoming a centre of manufacturing excellence that offered unparalleled opportunities for foreign and domestic investors.
China Council for the Promotion of Investment and Trade (CCPIT) director-general in Shenzhen Tao Yongxin said the city was interested in getting its businesspeople to invest in South Africa.
He noted that, since China and South Africa had very good political relations, the CCPIT was willing to work with the DTI to ensure that activities resulting in trade growth between the two countries took place.
“We would like to build a more pragmatic relationship with South Africa to also get South African companies to invest in Shenzhen. We are willing to assist the South African businesses with facilitation of processes to ensure they get credible partners from our region,” he added.
Meanwhile, Sanni highlighted that South Africa was keen to learn more about Shenzhen’s industrial parks, science and technology zones and SEZ programme.
“The Guangdong province where Shenzhen is located has transformed areas along its 4 300 km coastline into strategic and profitable transport hubs,” stated Sanni.
She added that collaboration in this area could fast-track the South African government’s plans to exploit the latent potential of its oceans economy, which could contribute R177-billion to the gross domestic product.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation