SA-China must strengthen trade, investment relations: Business

The South African Business delegation to China says it is important that the two countries strengthen trade and investment relations.

Beijing is the second largest economy in the world.

South African business leaders have met with their Chinese counterparts ahead of the Forum for China-Africa (FOCAC) summit.

SABC News spoke to Standard Bank CEO, Sim Tshabalala, who is attending the summit.

Tshabalala says, “South Africa requires the vast amounts of funding and capability to execute its infrastructure projects. They range from power to logistics, the rail network, the road network, our ports, our airports, our municipalities, Telkom systems, our water reticulation.”

“So there are vast projects that are necessary. They require engineering capability, they require manufacturing, they require financial resources,” he adds. –Reporting by Ditaba Tsotetsi and Sophie Mokoena.

VIDEO | Interview with Tshabalala in China: