SA woos China to invest in economic zones
by SAVIOUS KWINIKA
PRETORIA – SOUTH Africa is fast becoming a centre of manufacturing excellence that offers unparalled opportunities for both foreign and domestic investors.
This is according to the Chief Director of Export Promotion and Marketing at the Department of Trade and Industry, Zanele Sanni, who officiated during the second leg of the South African Expos in China currently underway in Shenzhen.
Sanni invited manufacturing and advanced manufacturing companies from Shenzhen to invest in South Africa.
She shared information on the recently launched Dube Trade Port which had already attracted over R900 million from the private sector.
She said the Chinese investors also had an opportunity to access the additional special support measures offered by the South African Special Economic Zones programme.
Sanni said South Africa was keen to learn more about the industrial parks, science and technology zones as well as the special economic zones programme from which Shenzen was enjoying phenomenal success.
As one of the fastest growing cities in the world, Shenzhen generates the biggest economic returns for China.
“The Guangdong province where Shenzhen is located has transformed areas along its 4 300km coastline into strategic and profitable transport hubs,” Sani said.
She added that collaboration in this area could fast-track the South African government’s plans to exploit the latent potential of oceans economy which can contribute R177 billion to the GDP.
The Director-General of China Council for the Promotion of Investment and Trade (CCPIT) in Shenzhen, Tao Yongxin, told the delegates that Shenzhen in particular had a lot of interest in getting its businesspeople to invest in South Africa.
He said since China and South Africa held good political relations, the CCPIT was willing to work with the dti to ensure that there are regular activities that result in growth of trade between the two countries.
“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 that they get credible partners from our region,” he said.
The next leg of the South African expos in China will take place in Chengdu where the export companies will participate in the 15th Western China International Fair until October 25.
– CAJ News
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