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.