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South African Business Delegation Heads To India For BRICS Talks

Prime Highlights-

  • SABBC joins BRICS Business Council and Business Forum meetings in New Delhi on September 10 and 11.
  • BRICS New Development Bank has approved over R6.41 billion in financing for South African infrastructure and sustainable development projects.

Key Facts-

  • SABBC delegation visits New Delhi to strengthen trade and investment ties with India ahead of the 18th BRICS Summit.
  • Delegation aims to shift South Africa-India trade toward co-investment, technology cooperation and higher-value exports.

Background-

A South African business delegation will travel to New Delhi next week to explore deeper trade and investment ties with India, aiming to build on strong bilateral commercial relations between the two countries.

The South African BRICS Business Council will join BRICS Business Council and Business Forum meetings on September 10 and 11, ahead of the 18th BRICS Summit.

SABBC, established over a decade ago, works to promote trade, investment and public-private dialogue among BRICS nations, with a focus on industrialisation and green energy.

The delegation intends to look into opportunities across advanced manufacturing, pharmaceuticals, digital services, agro-processing and renewable energy, with a goal of expanding higher-value exports and forging new investment partnerships.

India ranks among South Africa’s most important BRICS+ trading partners, accounting for a substantial share of South Africa’s trade with the grouping. SABBC views the current trade pattern as a commercial mandate to boost higher-value exports and shift bilateral ties beyond a buyer-seller relationship toward co-investment and technology cooperation.

Discussions in New Delhi will explore using Indian technology and capital to help establish South Africa as a regional automotive manufacturing hub, alongside partnerships in pharmaceuticals, skills exchange in technology and cybersecurity, and joint ventures in renewable energy.

SABBC Chairperson Busi Mabuza said the delegation aims to turn discussions into measurable transactions through investment facilitation, business matchmaking and joint projects across energy, manufacturing and the digital economy. She said stronger trade ties could create jobs and strengthen supply chains for both countries.