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NKATEKO JOSEPH MABASA | South Africa buys into Dubai opportunity | SA News

The first G20 summit on African soil delivered significant dividends for the continent, with the UAE pledging $1bn (R16.4bn) for “AI for development” to complement its growing investment footprint. Economic relations between South Africa and the UAE are already reaching new heights, strengthening South Africa’s diversification efforts.

With South Africa facing continued strained relations with the US and an impending EU carbon tax, it would be prudent for the country to seek trade partners in Asia. While China has been expanding its influence, already accounting for 12% of trade, the Middle East holds immense potential for growth.

UAE government data shows South Africa is the UAE’s…

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