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by Institute for Global Dialogue

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by Institute for Global Dialogue

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South Africas relationship with China

“Economic cooperation and trade between South Africa and China have developed fast and has great potential,” said the Minister on Tuesday.

  • Total trade between South Africa and China experienced an upward trajectory since 2009, growing from R118 billion to R271 billion by the end of 2013, but decreased to R261 billion by the end of 2014.
  • Between 2009 and 2014, total trade growth rate highest peak was 36% in 2011, due to China’s increased appetite for South Africa’s raw commodities.
  • China has set up more than 80 companies in South Africa since 1998 bringing its foreign direct investment (cumulatively) to nearly US$6 billion (R83 billion).
  • This figure includes an investment of approximately US$5.5 billion (R76 billion) by China’s ICBC bank that purchased a 20% stake in Standard Bank in March 2012.
  • Meanwhile, South African investment in China is valued at approximately US$700 million (R9.7 billion).

Available: http://businesstech.co.za/news/government/99786/south-africas-relationship-with-china-by-the-numbers/ 

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