South Africa welcomes Chinese investment to boost economic development

Africa, Business

AFRICA, 2 April 2026 (Agency Report) — South Africa has welcomed fresh investment pledges from Chinese firms, with Trade, Industry and Competition Minister Parks Tau highlighting the potential to strengthen economic ties and drive industrialisation.

Speaking to the media during the sixth South African Investment Conference (SAIC) at the Sandton Convention Centre in Johannesburg on Tuesday, Tau said the country anticipates “stronger investment ties with China.” He noted that Chinese investment would support South Africa’s industrialisation agenda and contribute significantly to economic growth.

The minister confirmed that South Africa is working with China to finalise early harvest arrangements under the Framework Agreement on Economic Partnership for Shared Development. He also praised China’s decision to grant zero-tariff treatment to 53 African countries from 1 May, describing duty-free and quota-free access to the Chinese market as “a great opportunity” for South African products.

Since its launch in 2018, SAIC has served as a key platform for attracting domestic and foreign investment, promoting industrial development and supporting economic growth. President Cyril Ramaphosa told delegates that the conference provides an opportunity to showcase South Africa’s investment potential and connect investors with concrete projects.

This year’s edition drew more than 1,000 delegates from over 50 countries and regions, underscoring the country’s ambition to deepen cooperation and expand investment partnerships.