MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » China urged to invest in SA’s mineral industries

China urged to invest in SA’s mineral industries

According to SAnews.gov.za Mineral Resources Minister Mosebenzi Zwane has encouraged Chinese investors to invest in South Africa’s downstream mineral development industries.

Speaking at the China Mining Congress and Expo, currently underway in Tianjin, Minister Zwane said the country was pursuing manufacturing and beneficiation in line with the Nine-Point Plan of government to grow the economy.

“Our long-term view is that South Africa’s minerals endowment could catalyse wider economic development. By this we mean that South Africa is intent on doing much more to develop its manufacturing industry, based on its considerable mineral resources,” Minister Zwane says.

He said South Africa was encouraged by the strong bilateral relations with China, which are reinforced through the Comprehensive Strategic Partnership concluded in 2010 and the agreement on cooperation in geology and mineral resources signed in 2011.

Minister Zwane further assured investors of South Africa’s commitment to boosting the ease of doing business.

“President Zuma initiated a one-stop investment shop aimed at streamlining new investments and significantly boosting the ease of doing business. This spans, inter alia, company registration, statutory transformation requirements, access to energy, environmental authorisation and special tax dispensation,” he says.

Minister Zwane will engage with investors at the South African Investment Seminar taking place on the sidelines of the conference.


 

Source

SAnews.gov.za

 

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

Optimising sand production with a VSI

As quarries seek to meet growing demand for manufactured sand, vertical shaft impact (VSI) crushers are proving to be the ultimate solution due to...

Astron Energy signs 10-year partnership extension agreement with leading forecourt retail brands, FreshStop

ASTRON Energy has signed a 10-year partnership extension agreement with one of South Africa’s leading forecourt retail brands, FreshStop. The deal sees Astron Energy, which...

MUST READ

City proposes modification of weirs at Zeekoevlei and Rondevlei to improve...

THE City of Cape Town proposes the redevelopment and upgrade of the weirs at Zeekoevlei and Rondevlei that are located within the False Bay...

RECOMMENDED

Cape Business News
Follow us on Social Media