SOUTH AFRICA – South African companies will take part in the upcoming China Mining Congress and Expo, the world’s largest mineral investment, cooperation and trading platforms covering the entire value chain.
The country’s participation has been facilitated by the strong bilateral relations with China enhanced by their partnership in the BRICS Bloc.
BRICS is the acronym for the association of the five major emerging national economies of Brazil, Russia, India, China and South Africa.
The two countries have signed a Comprehensive Strategic Partnership Agreement (CSPA) between them and China has agreed to support South Africa and Africa’s initiatives of industrialisation and mineral beneficiation under the Forum on China-Africa Cooperation (FOCAC).
South Africa has embarked on a drive to better exploit its mineral resources by developing a manufacturing industry.
“The long-term view is that South Africa’s mineral endowment could catalyse wider economic development. By this we mean that South Africa is intent on doing much more to develop its manufacturing industry, based on its considerable mineral resources,” said Dr. Rob Davies, the Minister of the Department of Trade and Industry (dti) which is leading the delegation to China.
The dti is assisting the companies heading to China through its Export Marketing and Investment Assistance Scheme (EMIA) and Sector Specific Assistance Scheme (SSAS), which aim to develop export markets for South African products and services and to recruit new foreign direct investment into the country.
Davies added that the dti is affording SA companies an opportunity to network with the world’s key policy makers and government officials, to gain insightful market information, to meet with potential partners and to generate business opportunities all in one place.
The Department is financially supporting South African food producers to participate in the 2018 Gulfood Exhibition scheduled for February 2018 in Dubai, United Arab Emirates (UAE).
The 17th Annual China Mining Congress and Expo will be held at the Tianjin Meijiang Convention Centre in Tianjin, China from 23rd to 25th September 2017.