KZN AND CHINA JOIN HANDS IN INVESTMENTS
*Caption: Delegates met at the Durban International Convention Centre to discuss investment opportunities between the KwaZulu-Natal and Guangdong provinces.
Written by: Nqobile Msomi
The Guangdong (China) – South Africa Economic and Trade Conference was hosted just weeks after the Manufacturing Indaba hoping to expose companies to how they can work hand-in-hand and invest in each other.
Newly elected Mayor Zandile Gumede welcomed those in attendance and extended her wishes on Guangdong and KwaZulu-Natal working together.
“I feel a strong sense of optimism that has generated by the presence of our colleagues and province from our sister city Guangdong,” said Gumede. “I want the take this opportunity and reiterate our commitment to strengthen our ties in economic relations between our cities. We envision a future where every young person in Durban will be armed with skills, trade, qualifications and knowledge that they can apply to broaden the economy of our city and compete with the world.”
MEC Sihle Zikalala spoke about how the partnership was not about competition of which company can make the most out of this deal but rather working towards a common for everyone involved.
“Because of the ever-shifting sand of the global investment landscapes, we are called up on to strengthen our collaborative efforts instead of being driven by single-mindedness of competitions,” stated Zikalala. “We are here not for competition but we are here as part of an effort to compliment each other.”
Guangdong Province is part of China and is one of the highest grossing provinces after its GDP 2015 reached 1.17 trillion USD.
Wang Jianzhou, counsel general of China to Durban reiterated in his speech the benefits of KZN working with his city.
“Those that are already here are making a big contribution to the economy of this province contributing to the job creation,” said Jianzhou. “Last year was the year of China in South Africa, this year is the year of Guangdong in KZN.
During the conference, there was a contract-signing ceremony of a number of mature investment and trade options.
“The most important aspect of this summit is how to practically translate the agreements signed. Into the improvements of the lives of our people,” concluded Zikalala.
Speeches and presentations were followed by seminars which helped facilitate communications and negotiations with the two provinces. Discussions involved e-commerce, tourism and trade projects.