For consolidating of fiscal associations with Indonesia for improved marketplace contact, business and investment, Phumzile Mlambo-Ngcuka, Deputy President visited Asia. She was there to popularize the Accelerated Shared Growth Initiative for South Africa (Asgisa) plan.
The Indonesian Government hopes to consolidate existing opportunities for export and investment with South Asian nation as there is little Indonesian investment in South Africa.
The Government hopes to change this by consolidating existing opportunities for export and investment with the South Asian nation.
Indonesia had enjoyed a trade excess of imports in South Africa totaling R2.4 million, while exports came to R1.7 million last year.
Tourism and closer ties with small trade enterprises have been identified as a basis to inflate economic relations.
Joint ventures in textile, forestry and wood manufacturing are also on the cards.
Political ties were further strengthened with the deputy president bestowed with a royal honorary title at the Syrakata palace on the island of Java.
Mlambo-Ngcuka will meet Yusuf Kallas, the Indonesian Deputy President, and other business leaders, in Jakarta.
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