Trade between SA, China and Russia worth billions and billions

No Fear No Favour No more Zuma...........



Sapa | 16 June, 2013 09:10

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 R200 billion 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 percent compared to 2011. In January this year, bilateral trade went up to 17.8 percent.

The embassy says the mutual investments were "massive".

"Russian investments in South Africa reached over US1billion and South African investments in Russia reached over US75 million," 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.

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COMMENTS BY SONNY

ARE THESE COUNTRIES BUYING TO ANC SUICIDE OR RUSSIAN ROULETTE?

TIME WILL BE THE JUDGE.

CAN ZUMA PULL THIS ONE OFF?