Trade between Angola and South Africa on the rise

14 September 2012

Trade between Angola and South Africa totalled 167 billion kwanzas (US$1.746 billion) in the first half of 2012 as compared to 204, 4 billion kwanzas in the whole of 2011, the president of the South Africa-Angola Chamber of Commerce said Wednesday in Luanda.

Cited by state newspaper Jornal de Angola, Teddy de Almeida said that the figures for two-way trade in the first half showed considerable growth due to an increased level of institutional interaction between the countries.

The president of the South Africa-Angola Chamber of Commerce also said that the discovery of new oil wells, natural gas exploration and diversification of the Angolan economy were ensuring growth in business between the two countries.

Teddy de Almeida said that reconstruction of road and port infrastructure in the country had improved transport of goods from South Africa to Angola, with trucks making the journey between Johannesburg and Luanda in just five to ten days.

The South Africa-Angola Chamber of Commerce has 230 associates, including companies from the financial, telecommunications, energy, oil, mining, agriculture and services sectors. (macauhub)

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