Tuesday, July 6, 2010

DTI Promoting Investment Opportunities in China

Department of Trade and Industry Promoting SA Investment Opportunities at China Trade Expo

The Department of Trade and Industry has launched South Africa's two-month trade and investment promotion at the Shanghai World Expo 2010 in China. The intitial focus on is on minerals, metals and capital equipment. China has a need for mineral products coming from the African continent, which creates a number of synergies and possibilities of productive relationships between the two countries.

The DTI delegation included around 30 different South African executives and companies from the country's mining, metals and capital equipment sectors. The delegation is promoting investment opportunities in South Africa, identifying opportunities in China, and enhancing existing trading activities. The focus is on energy, engineering and information and communication technology. China's investment in South Africa is now expanding to new industries, such as energy, minerals, mechanics and construction. The two countries should still work together in sectors such as natural resources, capital, human resources and technology, since both countries have different advantages. The Shanghai World Expo 2010 has seen more than one-million visitors since it started in May. (Engineering News, 6/6/2010)

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