ZUMA WANTS SOUTH AFRICAN BUSINESSES TO DIVERSITY INVESTMENTS IN QATAR

DOHA, — President Jacob Zuma says South Africa’s agro-processing sector can benefit immensely by exporting agricultural produce to Qatar.

Addressing the South Africa-Qatari Business Forum in the Qatari capital, Doha, Doha, he stressed the need for South Africa to diversify its investment in Qatar which are focused mainly on petrochemicals.

Qatar imports most of its food products and it sees a growing need to source agricultural produce from new markets, especially in Africa.

Trade between South Africa and Qatar is valued at just above 7.0 billion Rand (about 448 million US dollars) a year.

President Zuma, who is on a three-day State visit to the Gulf nation, said: “The structure of our total trade still reflects a huge trade deficit for South Africa and we are exploring ways to address the composition of our trade basket to increase our exports to Qatar.

“With its agricultural potential, South Africa has opportunities for collaboration in agriculture and agro-processed goods.”

Source: Name News Network