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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.