Ramaphosa arrives in Singapore

2016-10-05 09:56
Deputy President Cyril Ramaphosa (Picture: AFP)

Deputy President Cyril Ramaphosa (Picture: AFP)

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Johannesburg - Deputy President Cyril Ramaphosa arrived in Singapore on Wednesday for the second leg of his two-nation working visit. 

The aim of the visit was to consolidate existing bilateral, political, economic and trade relations between South Africa and two nations, Vietnam and Singapore

"Ramaphosa is expected to unlock future areas of trade and investment and, among others, to attract Singaporean State Owned Enterprises to invest in South Africa through the Public Private Partnership in line with South Africa’s Nine-Point Plan," the Presidency said in a statement on Wednesday. 

Singapore is South Africa’s second largest trading partner in the Association of Southeast Asian Nations region. 

Exports in 2015 amounted to R6.8bn, while imports totalled R16.6bn.

Ramaphosa is expected to meet with Singapore President Tony Tan Keng Yam and Prime Minister Lee Hsien Loong.

He recently completed a visit to Vietnam. 

Ramaphosa said the trade relations between South Africa and Vietnam had grown tremendously.

"At the moment, it is more in the favour of Vietnam, they are exporting a lot more goods to South Africa from the manufacturing base. We are exporting a little less from an agricultural base," he said.

Read more on:    cyril ramaphosa  |  singapore  |  economy  |  politics

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