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Home International Customs

South African president in Saudi to expand economic ties

byCT Report
28/03/2016
in International Customs, South Africa
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CAPE TOWN: South African President Jacob Zuma called for strengthening his country’s economic ties with Saudi Arabia, during a visit to the kingdom on Sunday. “While our political relations with Saudi Arabia are strong, our economic and trade ties should be reviewed and revitalized,” he said in a statement.

Zuma cited agriculture, mining, infrastructure, finance, defense, gas exploration and alternative energy as sectors where cooperation could be expanded. The South African economy has been hit by slow growth and a weak currency, which have been compounded by a drought that has resulted in higher food prices.

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