
11/02/2025
SOUTH AFRICA-CHINA TRADE JUMPS
The economic relationship between South Africa and China has experienced remarkable growth.
1/ Bilateral trade reached an impressive $52.5-billion (R970-billion) in 2024, making South Africa a key player in China’s African trade strategy, representing the highest percentage of China's trade with the Continent.
2/ According to Baker McKenzie, in 2023, China became South Africa’s largest trading partner, with trade nearing $40-billion (R730-billion) - thanks to sectors like mining, manufacturing, and infrastructure driving growth.
3/ The farming sector has also benefited from trade agreements, with China lifting its ban on South African beef and approving avocado exports.
4/ Both countries continue to collaborate on infrastructure, technology, and BRICS initiatives, promising continued growth and prosperity.
Key Highlights:
-- China’s direct investment in South Africa exceeded $25-billion in 2023.
-- In 2024, China pledged to increase market access, export value-added goods from South Africa, and support manufacturing bases for skills transfer and job creation in both countries.
-- Over 100,000 Chinese tourists visited South Africa in 2023.
-- China has repeatedly expressed full support for South Africa’s G20 presidency this year and pledged to cooperate on international challenges like conflict prevention and fair trade.
-- Since 1999, more than 3,000 South African students have studied in China through scholarships and exchange programs.