South African Department of Trade and Industry (DTI) and Bank of China signed the Strategic Co-operation MOU in Johannesburg on Monday. The signing of this MOU enables the two parties to run investment promotion campaigns and to jointly support enterprises of two countries for more profound economic and trade cooperation.

According to DTI Minister Rob Davies, the department will roll out a promotion event for Special Economic Zones in May with Bank of China to showcase business opportunities.

Based on the MOU and the Plan of 10 Major Cooperation Projects initiated during FOCAC, DTI and Bank of China will treat each other as preferred partners, share information of investment opportunities, optimize own advantages in mutual initiation of investment promotion campaigns, and give full support to the mutual investment and market expansion of enterprises from two countries, for newer and greater contribution to Sino-SA economic, trade and investment cooperation.