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Angola | South Africa
Economy - Development | Politics | Society

SA and Angola sign trade and development deals

afrol News, 21 August - South Africa president, Jacob Zuma has signed a number of deals while on an official visit to the neighbouring Angola, including cooperation in the oil sector.

The trade agreements come following major bilateral talks yesterday, aimed at strengthening economic relations between the two countries.

Mr Zuma was expected back home today, after a visit to the former bases of the South African freedom fighters in the northern part of Angola.

According to reports by the government agency, the agreement signed yesterday, will allow South Africa's state oil company PetroSA and Angola's Sonangol to work together in oil projects, as well as in the areas of exploration, refining and distribution of oil.

The report further noted that, Angola, which is Africa's biggest oil producer, has only one refinery in Luanda and that it currently imports a great deal of its refined gasoline.

Both Mr Zuma and his host President Jose Eduardo dos Santos of Angola have also agreed to work together in other areas such as regional programmes for integration and security as well as cooperation.

Mr Zuma was accompanied by 11 ministers and more than 150 business leaders to Angola, a team said to have been the biggest delegation South Africa has sent outside the country since 1994.


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