The Global Trade Show South Africa 2019 being held in Johannesburg and being attended by enterprises from all over the world exhibiting their goods and services, has become the platform for showcasing China as a potential investor in South Africa. The companies exhibiting their products and services include enterprises from China, Africa and the United States.
Futran Holdings CEO Andries Louw was ecstatic about the need for accelerating Chinese investments in South Africa and other African countries and underscored the need for identifying newer domains that can attract investments from that country. He said that China accords equal treatment to domestic and foreign companies and the South African companies can invest in companies operating out from China either as a joint venture partner or as a 100% owned subsidiary. Lacing the advantages for cooperating with Chinese companies, he said that his own company has entered into a joint venture with a Chinese company and has been benefiting a lot. He wanted other South African companies to emulate the same and to take advantage of the superior technologies of China.
Jia Guoyong, Deputy Director General of the Trade and Development Bureau of the Chinese Ministry of Commerce, mentioned about the commitment of China to deepen economic and trade cooperation with African countries and share its success. China has already invested several billion dollars there and that would continue in the future as well, he assured.
African Chambers Association President Daniel Makokera said that more and more African countries should forge cooperation among themselves and value add to such tie-ups by involving international companies especially from countries like China.
