Bright prospect for Iran-South Africa cooperation

Iran -South Africa cooperation

Tehran, Deputy Foreign Minister for Arab and African Affairs says today Iran companies are turning into big economic and trade players in South Africa which further underlines the need for targeted and efficient planning of Iran s private sector in the South African market and investment of that country in Iran.

In an article printed in Saturday issue of the Persian daily Iran, noted that the African continent in general and South Africa in particular have had abundant attractions for the emerging economies. Therefore, he added, in the past decade markets of those countries have become an arena for intensive rivalry of foreign countries.

He stressed that in recent years the Islamic Republic of Iran has taken great strides for the strengthening of the private sector and the emphatic instructions of the Supreme Leader for the implementation of Article 44 of the Constitution and the 'resistance economy' require preparation for development of Iran s presence in international markets.

Pointing to the forthcoming visit of South African President to Tehran, he said ground is now prepared for the expansion of bilateral cooperation in the private and public sectors.

He remarked that in the past decade bilateral relations between Iran and South Africa have surpassed oil so that activities of the two big telecommunication companies of MTN and Sasol are considered successful examples of mutual cooperation and joint ventures which can be generalized in other areas.

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