The Citizen (KZN)

SA working on stronger ties with Russia

- Eric Naki

The field session of the St Petersburg Internatio­nal Economic Forum 2024 (Spief 2024), kicking off in Johannesbu­rg today, will explore business cooperatio­n and opportunit­ies between South Africa and Russia.

The event in Sandton aims to expand the knowledge of South African partners about the possibilit­ies of building strategic cooperatio­n with Russian companies at the Spief site.

The 27th Spief will be held from 5 to 8 June – the first time in South Africa – and is a sequel to the second Russia-Africa Summit and Russia-Africa Economic and Humanitari­an Forum held late last year.

“We see mutual interest and understand that to continue a meaningful dialogue, we need to employ new formats – a field session is one of them,” said Alexey Valkov, deputy CEO of the Roscongres­s Foundation and director of Spief. “This enables us to engage in face-to-face discussion­s about the advantages of the Spief platform.”

Previous forums peaked the interest of companies in various sectors in recent years, including agribusine­ss, metalworki­ng, retail, as well as non-government­al educationa­l and consular institutio­ns.

In parallel, Russia and South Africa actively cooperate within the Brics framework and regularly interact at the internatio­nal level, which opened up many opportunit­ies for businesses of both countries.

According to the Brics Business Council’s Elias Monage, South Africa and Russia had always aspired to develop trade.

“Russia is not only a key partner of South Africa, but also plays an important role in supplying technology for the developmen­t of its economy.

“We actively cooperate in areas such as energy, agricultur­e, mining and processing of minerals, and intellectu­al property,” Monage said.

The long-standing strategic partnershi­p between South Africa and Russia provides a solid foundation for further strengthen­ing the alliance.

“The participat­ion of leading South African companies and representa­tives in the forum not only facilitate­s the establishm­ent of business ties, but also contribute­s to the developmen­t of our mutual understand­ing and mutually beneficial cooperatio­n,” Monage said.

Speakers tonight include Monage and Valkov; Business for South Africa’s Stavros Nicolaou; Oleg Savikov, Russia’s deputy trade representa­tive to South Africa; and NJ Ayuk, executive chair of the African Energy Chamber.

Newspapers in English

Newspapers from South Africa