South Africa and China continue to strengthen their economic ties through investment and cooperation, with both countries expressing enthusiasm for deepening their strategic partnership. This was evident at the South Africa-China Trade and Investment Promotion Conference at Gallagher Convention Centre on Tuesday, where Trade, Industry and Competition deputy minister, Zuko Godlimpi, highlighted the significance of the relationship between the two nations.
“The South Africa and China relationship represents a significant example of South-South cooperation, characterised by deep economic ties and a growing strategic partnership,” Godlimpi said.
He noted that South Africa’s longstanding strategic trade and investment partnership with China has played a significant role in South Africa’s economic growth, job creation, and overall development.
Chinese companies are expanding into growth areas in South Africa such as renewable energy, green hydrogen, energy storage, infrastructure, logistics, and the digital economy.
According to Godlimpi, companies like BAIC, BYD, Hisense, Huawei, and Zijin Mining are operating across various sectors in South Africa, contributing to local job creation and skills development.
Ambassador of China to South Africa, Wu Peng, expressed appreciation for the cooperation between the two countries.
“Today, China-South Africa relations continue to develop rapidly, with mutually beneficial cooperation deepening across various sectors.
This has brought significant benefits to our people,” Peng said.
Investment Figures and Opportunities
From 2003 to 2025, inward foreign direct investment (FDI) from China to South Africa reached over $13.14 billion, while FDI outflow to China was $7.8 billion.
China is South Africa’s largest trading partner, and both countries are looking to balance the trade relationship, attract further Chinese investment in manufacturing and capitalise on opportunities presented by the African Continental Free Trade Area (AfCFTA).
Godlimpi invited attendees to the South Africa Investment Conference in March 2026, which provides a platform to explore dynamic investment opportunities and connect with key industry leaders.
Chinese President Xi Jinping announced plans to expand zero-tariff treatment for African countries having diplomatic relations with China, aiming to support Africa’s industrialisation and agricultural modernisation.
