Zuma S.-Africa at India sees $10bn trade

photo credit thehindu.com Mumbai Thursday June-3-2010

Tata Group Chariman Ratan Tata -

Union Minister of Comerce & Industry Anand Sharma at the CII

South African President Jacob Zuma (right)

$10bn trade South Africa India by 2012

UN Security Council, climate, economy

Also on the agenda is reform of the UN Security Council, plus

closer cooperation on climate change and the global economy.

(IBSA) India-Brazil-South Africa targeting...IMF ...UN

Together with Brazil, India and South Africa have formed an

informal grouping of emerging market nations, pushing for a

stronger voice in international institutions such as the IMF, UN.

Reliance India and MTN S.Africa cellphone merging ?

Zuma's visit comes amid reports that Indian mobile phone group

Reliance Communications is considering a possible merger with

South Africa's MTN, Africa's largest cellular firm.

Launch of the India-South Africa CEOs Forum

The Forum is to be headed by Tata Group Chairman Ratan Tata

and Africa Rainbow Minerals Executive Chairman Patrice Motsepe

India was South Africa's largest trading partner in South and

Southeast Asia and among the top ten partners globally.

India investment in S.A amounting to $6 billion. Companies such as

Tatas, Nalco, Cipla, Apollo, Godrej, Genpact, Aegis,

Mahindra & Mahindra, Ashok Leyland and

Aurobindo Pharmaceuticals key investors in S.-Africa.''

South African investment into India

Tiger Brands, Airports Company South Africa and

Bidvest SAB Miller, First Rand Bank

Business Unity South Africa President Futhi Mtoba

promote South African banks in India

said interactions between representatives of the two sides

indicated that there was a need for establishing a trade agency

to promote South African banks and services in India, as also for

more technological transfer in areas like biotechnology,

smart power metering, film making and microfinance.

source:

africasia.com | beta.thehindu.com | news.bbc.co.uk

Related:

South Africa 40% of all economic output

in the sub-Saharan region in 2000, according to IMF.

Nigeria, Ghana and Uganda however grow 7%

That share will drop to 28 percent this year, in part because

South Africa’s economy was caught in the global recession.

It will shrink further as countries such as Nigeria, Ghana and

Uganda notch up growth of 7 percent or more compared to

the 2.3 percent expansion forecast for South Africa in 2010.

South African companies need to wake up.

A lot of opportunities are already being stolen from under our noses,

and not just by the Chinese — it’s the Indians, the Brazilians,

the Russians, the Canadians, Australians,” said Duncan Bonnett,

of consultancy Whitehouse and Associates.

Ghana’s prospects as it becomes an oil producer

“Ghana bids to break Africa’s oil curse”

and the cautionary tale for investors in Nigerian banks

“Nigeria: a lottery you might just win”.

source: blogs.reuters.com/africanews