SEKHUKHUNE – The International Investment Promotion (IIP) programme involving the Sekhukhune District Municipality (SDM), Limpopo Provincial Government and Xhanxi Province of the People’s Republic of China ended on a high note.
The recent two-day visit followed the July 2018 visit to China, under the championship of Limpopo Premier Chupu Mathabatha, where Sekhukhune Executive Mayor, Stan Ramaila, signed two Memorandums of Intent (MOI) with two Chinese cities under Shanxi Province.
According to SDM the 2019 two days visit by the high powered delegation from China was part of collective efforts to actualize the ideas of the signed MOI.
The district municipality said the Chinese packaged comprehensive deliverables, working together with Department of Economic Development and Tourism, the Premiers office, Sekhukhune Development Agency (SDA), SDM and all local municipalities among others.
Willy Mosoma, SDM Spokesperson, confirmed MEC Seaparo Sekwati and Executive Mayor Ramaila hosted the Chinese delegation to an evening engagement session on Monday 21 January 2019 in Tubatse Fetakgomo Local Municipality at Thabamoshate.
Mosoma said the delegation was taken to a tour of Sekhukhune for firsthand information on mining, agriculture and tourism prospects.
“It is expected that following the recent visit, a Memorandum of Understanding will be signed between Sekhukhune district and the two Chinese cities from Xhanxi Province,” added Mosoma.
Explaining about the Chinese visit, Ramaila said: “In July last year, I had the honour of joining the Premier of Limpopo, Honourable Chupu Mathabatha on an international investment tour to the People’s Republic of China. The trip to China was undertaken as part of a comprehensive strategic partnership that both countries have signed. During our trip to China, I signed on behalf of the district, two Memorandums of Intent (MOI) with two Chinese cities under Xhanxi Province.”
Ramaila said China was the country’s largest export destination by the country since the start of 2009 and in terms of imports, China remained South Africa’s largest partner.
“Our country among others imports minerals such as iron ores, platinum group metals, steel to mention but a few. The current two way trade value between China and South Africa stood at a staggering 40 billion US dollars by end of 2008. Recently President Ramaphosa visited China resulting in the country signing investment deals exceeding 14 billion rands,” concluded Ramaila