Fin24

Zuma boosts economic relations

2012-03-28 17:59

Johannesburg - President Jacob Zuma has urged Russia and Brazil to invest in South Africa, the presidency said on Wednesday.

Spokesperson Mac Maharaj said Zuma held bilateral meetings with Presidents Dmitry Medvedev of Russia and Dilma Rousseff of Brazil, at the fourth summit of Brazil, Russia, India, China and SA (Brics) in India.

He said Zuma expressed interest in cooperating with Russia in engineering, especially with the training of South Africans in Russia.

"The president also raised interest in cooperation in mining, especially the operation of the ore line from Sishen iron ore deposits to Saldanha harbour."

Maharaj said Russia had expressed interest in cooperating with South Africa in the construction of nuclear power plants.

South Africa's integrated resource plan 2010 indicated that nuclear power should form part of the energy mix by 2030, with the first plant coming on line as early as 2023.

In his meeting with Rousseff, Zuma welcomed the growth in trade relations between the two countries.

"We are very happy with the partnership between South Africa's Airports Company (Acsa) and Invepar of Brazil, to run Brazil's most prominent international airport of Guarulhos for the next 20 years.

"More such ventures and opportunities could be created between South Africa and Brazil, to the benefit of both countries' industries," Zuma said.

He said he was happy that Brazil's largest construction company, Odebrecht, was due to establish an office in South Africa.

"This opens up possibilities for greater private sector collaboration."

South Africa also sought cooperation with Brazil in energy, to assist further diversify the country's energy portfolio, both in terms of sourcing and in the mix of energy supply.

Brazil boasts some of the world's largest oil and gas reserves. It is the second-largest producer of ethanol in the world.

Comments
  • phathuchicos - 2012-03-28 18:07

    ...but both Russia and Brazil(except useless outdated military technologies from russia and cocaine&curruption strategies from corrupt brazil) have nothing to offer us when compared to western powers, chin-India or emerging african countries such as Nigeria where SA companies are doing much much better and vice-versa...

      Oom - 2012-03-28 18:43

      What has happened to South Africa, can't we train our own engineers anymore???

      SaleƩ - 2012-03-28 22:04

      "Nothing"? I would not go so far. "Nothing", but counterfeit goods. Isn't that what China was good for less than a decade ago?

      revaro.winkler - 2012-03-29 13:58

      stop being so negative we need these people they the ones making south africa a better place idiot do some research

      Dave - 2012-04-01 07:19

      Our kids cannot get into varsity as they are descriminated against for having an advantaged background. As the parent I was 24 and penniless in 1994, paid for my own tertiary education and have paid taxes to this government ever since. On top of that I have had to protect myself from burglars, hijackers, Nigerian conmen without any state assistance and now after educating my kids without any state help they refuse them access to tertiary education despite having good grades. This government is engineering an economic collapse of titanic proportions, whilst lining their pockets. It is not substainable. Anyone with any intelligence would never invest a cent in this country.

  • mholthuysen - 2012-03-28 18:08

    So the ANC can help themselves to more money... of course...! And Maharaj in it too... go figure...

      Art - 2012-03-29 06:38

      Even B.R.I.K. countries won't invest in SA.... they also believe that once Zuma leaves office in Dec,.... their "Investments" will be Nationalised....along with the farms and banks....

  • Papou - 2012-03-28 18:15

    Did he borrow Mpekkie's begging bowl?

  • Nigel - 2012-03-28 18:47

    yea lets get our 25% Iranian oil (that our energy minister is unaware of) from Brazil, that way we don't piss off the US & the EU & we strengthen ties with a fellow BRICs country, or will that be too much for Cosatu.

  • bluzulu - 2012-03-28 18:53

    BRICS is the way forward, The world has been doing business the Western way and all of the 3rd World remains 3rd world. WHY continue on the road of No accomplishment. Lets try another way, It is now a Global market.

      Francois - 2012-03-28 19:11

      Bluzulu, firstly and you yourself have stated it that different climates gave rise to different people group (Jared Diamond's Guns, Germs and Steel refers). It obviously begs the question how different development and climatelogical factors affected things like culture of which trade or business is a part. The Romans had gold coins that was later replaced with salt as a payment system whilst Africa and North America still used bartering. The quicker onset of the industrial revolution also literally meant more gold in the European countries although the themselves had very little deposits. If 300 years ago a country was ransacked and the people that were ransacked were treated inhumanely, that makes the ransacker inhumane, not his great great great grandchildren. Global communism will also not work. I think the major thing that must change is fair trade - not necessarily with Brics but with everyone - the first thing is to open the markets for agricultural produce - and allow no subsidies by the EU and the US. That will help a lot already - obviously there are a lot of other factors affecting the Third world, people like Mugabe and Zuma and Pohamba and Mbeki etc. Educated people that can trade freely with everyone where everyone has the same basic human rights will be the better - you also don't want to be supporting human rights violations in China, do you?

      Africa21stcentury - 2012-03-28 19:17

      Let me give you an example of Chinese investments in SA : For the past 25 years, Africans built up Bruma Fleamarket, in Johannesburg, as a world class African Craft Market. Hundreds of small businesses employing hundreds of people, 95 % Africans !!! That was untill last year, when the Chinese came to "invest" , and bought the ground on which Bruma Flea Market was situated. Ask these traders how they were treated !!!!!! To cut a long story short, Bruma Flea Market, is no more. The Chinese are now building a large shopping complex, .....yes you quessed right, employing Chinese, who will be selling Chinese goods !!!!!! Go and ask the governments of Lesotho and Zambia, etc, and (EX) employees of Chinese firms, what they think of Chinese investments!!!! Only the ignorant and stupid will blindly accept Chinese investments !!!

      Brett - 2012-03-28 21:22

      All BRIC countries have one thing in common, the rulers live in luxury while the general populace lives in poverty. Moron.

      Christelle - 2012-03-29 05:50

      Brics embraces the ideal of global capitalism. Strange that we should be suggestion this way forward whilst the communist/socialist strategy is so high on the government agenda. I have to agree with cementing business ties with Brazil - them moving into the 6th largest economic power - considering where they where a couple of decades ago. China - no, they are looking for world dominance, not for global capitalism - do not be fooled by there marketing strategy.

      wynand.meyering - 2012-03-29 11:42

      Effort alone brings wealth. So no work, no accomplishment.

      rrakoma - 2012-03-29 12:46

      I think we are all missing the bigger picture, Zuma is a great strategist because he has managed to balance two sides of a coin, our relations with the west are still great, he has been good friends with Sarkosky and Obama, and he got us in the Brics. Its a smart tact because of the History that South Africa bosts of not choosing between friends, whatever way the future goes we are in it.

      revaro.winkler - 2012-03-29 14:02

      yes you right these countries are the ones making the money for america and britian icluding others so why dont they also help run the world and benefit from each other

  • Kevin - 2012-03-28 19:16

    Hahhh...ha...hah...haaaahhhhhaaaaahhhhha......the only relation Zoo ma is interested in boosting, is one of his numerous wives and/or girlfriends...

      Dave - 2012-04-01 07:25

      You don't know how true this is bru.

  • Malans - 2012-03-28 19:30

    Dream on uncle Zuma, they just want our natural resources at rock-bottom prices. They will then do the processing, providing lots of work for their own people. Another question: Is one of Zuma's sons not one of the lucky ones who obtained a fat share of the Sishen mining operation for nothing? Then its no wonder papa wants to boost the "operation of the ore line from Sishen". Not very subtle, are we?

  • EricksonTL - 2012-03-28 20:42

    Come play in our sandbox? Really? So they can be forced to hire overpriced, under qualified staff? So they can pay bribes to government for everything they do? So China can have some competition in taking over the country? Pfffft

  • erneyb - 2012-03-28 21:25

    How many planes did it take this time to get the President to India ?

      phathuchicos - 2012-03-28 22:51

      the whole SAA fleet maybe...lmfao

  • dannymothilall.danny - 2013-10-28 13:00

    I really think that Bris is a better idea for South Africa and most certainly,without the C for China our economy will be sustainable in providing jobs for the un-employed South Africans because when the Chinese invade our country there will be nothing left for us-not even bread crumbs.There must be control of the trade between China and South Africa.

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