South African, Indian trade ministers stress bilateral opportunities at summit

India has progressed from having almost no trade with South Africa in 1994 to today being the country’s sixth to eight largest trading partner, highlighted South African Trade and Industry Minister Dr Rob Davies on Monday. He was addressing the India-South African Business Summit in Sandton, Johannesburg. And bilateral trade continues to grow. He pointed out that, while it totaled R68-billion in 2012, it had risen to R107-billion in 2017. And this trade had been accompanied by investment. "Approximately 130 Indian firms are operating in South Africa in one way or another." A number of Indian brands are now well-established in South Africa, he noted, and South African companies have also invested in India. "So we have something to build on."