Indonesia and South Africa Strengthen Economic Cooperation, Eye Opportunities Amid Global Turmoil

Indonesia and South Africa are undertaking various efforts to strengthen their economic partnership amidst increasingly dynamic and challenging global economic conditions. One such effort was the Indonesia–South Africa Business Networking Session organised by the Consulate General of the Republic of Indonesia (KJRI) in Cape Town together with ITPC Johannesburg in Cape Town on Friday, 12 June 2026. The event was attended by representatives from ITPC Johannesburg, Wesgro, Arushvest Capital, Indobizco, the South African business community, a delegation of Indonesian companies, as well as representatives from the Indonesian Ministry of Foreign Affairs and Iterati (Institute of Engineering, Technicians and Technology of Indonesia). Iterati’s presence was linked to its participation with the Indonesian Engineers Association in the International Engineering Alliance Meetings in Cape Town, while Indonesia is scheduled to host the meeting next year. In his remarks, the Indonesian Consul General in Cape Town stated that this business forum took place at an opportune moment when the world is facing significant changes in the global economic order. ‘Global economic dynamics continue to evolve, presenting opportunities as well as challenges. The economic relationships that have been built thus far are undergoing redefinition, while the business world must adapt to increasingly complex and uncertain conditions,’ he said. According to him, disruptions to global supply chains, rising geopolitical tensions, and changing market conditions are driving many countries and business actors to seek more reliable partners, expand market access, and build stronger supply chains. In this situation, Indonesia and South Africa are considered to be in a strategic position to tighten economic cooperation while creating mutually beneficial growth opportunities. As countries with important roles in the Southeast Asian and African regions, Indonesia and South Africa share a number of aligned development agendas. These priorities include strengthening food security, accelerating sustainable economic growth, developing industrialisation, transitioning towards green and renewable energy, and increasing engagement in global value chains. ‘This shared vision forms a strong foundation for a deeper and more strategic economic partnership between Indonesia and South Africa,’ he added. On the occasion, the Consul General also appreciated the participation of 12 Indonesian companies in the Africa Food Show 2026. These companies come from various sectors, including coffee, tea, chocolate, biscuits and confectionery products, raw materials and spices, consumer products, hygiene products, and building materials and interior solutions.