China and SA need new partnership

Business Unity South Africa has called for a new partnership for economic cooperation between Chinese and South African business in Africa. Addressing more than 400 hundred delegates attending the 3rd session of the World Industrial and Commercial Organisations Forum in Beijing this month, Busa CEO Jerry Vilakazi said the new partnership should be premised on the strengths and experiences of South African companies on the continent. “We need a new partnership between our two economies – one that recognises the potential and benefits for local beneficiation in South Africa. A partnership that sees investments in infrastructure development in Africa as a vehicle for development and essential foundation for enhanced future trade and economic cooperation. South Africa is already active in this area on the rest of the continent,” said Vilakazi.