Trade has skyrocketed: Mashabane

2013-06-15 22:24
International Relations and Co-operation Minister Maite Nkoana-Mashabane. (File, AFP)

International Relations and Co-operation Minister Maite Nkoana-Mashabane. (File, AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Hameenlinna - Trade and investment in South Africa has "skyrocketed" in the past two years, International Relations Minister Maite Nkoana-Mashabane said in Finland on Saturday.

"Trade between us and China surpassed R200bn in less than two years," she said on the sidelines of the Nordic-African foreign ministers meeting.

Russia's trade with South Africa was also going extremely well.

On its website, Russia's embassy in South Africa, says bilateral trade in 2012 increased by 66.3% compared to 2011. In January this year, bilateral trade went up by 17.8 percent.

The embassy says the mutual investments were "massive".

"Russian investments in South Africa reached over $1bn and South African investments in Russia reached over $75m," the website said.

Mashabane said one major defence co-operation agreement was the decision to refurbish all Russian-made helicopters operating in Africa.

The deal was agreed to earlier this year with Denel Aviation.

Mashabane said Russian made helicopters would be refurbished in South Africa, and this was great for job creation.

It was also good for the training of artisans, and the sourcing of spare parts from South Africa.

Read more on:    maite nkoana-mashabane  |  economy

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Financial advisors – Do you need one and should you get one?

The good, the bad, and everything else you need to know when considering hiring a financial advisor.


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.