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South Africa, China Deepen Investment Ties in Key Sectors
South Africa and China launched their ninth annual trade promotion conference on Tuesday, focusing on Chinese investment in mining, energy, and infrastructure.
The talks come as South Africa faces 30% U.S. tariffs under the Trump administration but is seeking better terms. Zhang Chaoyang, head of the South Africa-China Economic and Trade Association, announced a SAR 4 billion investment by Gold One, part of China’s Baiyin Nonferrous Group, in gold mining in Gauteng.
The China-Africa Development Fund will also bid for independent energy projects, while companies like China State Construction plan to expand local procurements.
Deputy Trade Minister Zuko Godlimpi stressed Pretoria’s goal of boosting cooperation in manufacturing, services, energy transition, and infrastructure, calling the partnership "a mutually beneficial future."
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