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Johannesburg - Busa has called for a new partnership for economic co-operation between Chinese and South African businesses in Africa.
This should be premised on the strengths and experiences of South African companies on the continent, Business Unity South Africa CEO Jerry Vilakazi told delegates attending the third session of the World Industrial and Commercial Organisations Forum in Beijing on Tuesday.
"We need a new partnership between our two economies, one that recognises the potential and benefits for local beneficiation in South Africa... A partnership that sees investments in infrastructure development in Africa as a vehicle for development and essential foundation for enhanced future trade and economic co-operation."
South Africa was already active in this area on the rest of the continent, he added.
Vilakazi told Chinese investors that South Africa was both politically and economically secure.
"We remain very confident of the political and economic stability of our country. The new leadership of the ANC under Mr Zuma has more than assured us of their commitment to economic policy continuity," he said.
He expected the new government to do better than its predecessor and to continue working in partnership with the private sector to address poverty, inequality and unemployment.
Vilakazi said besides the ICBC-Standard Bank deal, Chinese investments in South Africa had been "very limited" while South African investments in China had grown over $800m.
- Sapa