South Africa to Increase African Trade by 2019

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As part of efforts to foster economic growth in Africa, South Africa’s Minister of International Relations and Cooperation, Maite Nkoana Mashabane recently said that the country is aiming to boost trade with African states by half a trillion rand before the end of the current administration.

Mashabane noted that the increase in trade and investment relations in both the African continent and the Asia and Middle East markets was linked to the growth of South Africa’s diplomatic missions in those areas, stating that the same applied to the country’s traditional trade partners like America and Europe.

“With additional economic diplomacy efforts and enhanced national coordination, South African trade with the world can reach R2 trillion by the end of this administration. Without a doubt, an unprecedented trade expansion,” she said.

She went further to state that South Africa’s diplomatic presence in the continent has brought tangible benefits in the form of economic growth and job creation.

“Consequently, South Africa’s trade in the continent increased 39 times from R11.4 billion in 1994 to R385 billion in 2015”.

 

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