Iran opens business unit in SA

Iran and South Africa
are set to grow bilateral
trade by $2 billion by
2020 – and the Islamic
Republic of Iran opened
a business unit in Cape
Town last month to push
this agenda.
Mohsen Movahedi-
Qomi, the Iranian
ambassador to South
Africa, said that the
value of Iran’s exports to
South Africa had risen by
US$10.4 million in the
first six months of the
current Iranian calendar
year (March 20-Septemebr
21), a 93% increase yearon-
year.
This included
petrochemical products,
petroleum, ceramic tiles,
palm, power transformers,
f looring and carpet,
pistachios, industrial oils,
powder and extract of
liquorice.