Indonesian Political, Business & Finance News

S. African trade party heads for RI

| Source: JP

S. African trade party heads for RI

JAKARTA (JP): A 30-member delegation from South Africa is
scheduled to arrive here today for a four-day visit to promote
trade and investment relations with Indonesia, the South African
embassy announced yesterday.

The embassy's third secretary of political affairs, T.P.
Kalcic, said yesterday the delegation, led by Western Cape
provincial minister C. Nissen and Northern Cape provincial
minister G. Akhawaray, would hold a meeting Monday with
Indonesian executives to discuss possible joint ventures.

He said the South African delegates had interests in
electricity, telecommunications, steel industries, technology
development and other sectors.

Indonesia-South Africa trade has boomed since relations
between the two countries were reopened two years ago. Two-way
trade exceeded US$200 million in 1996, Kalcic said.

He said South African companies were involved in mining and
forestry in Indonesia.

According to the Central Bureau of Statistics, Indonesia's
exports to South Africa increased 261 percent to US$85.6 million
(0.24 percent of Indonesia's total exports worth $34.9 billion)
in 1995 from US$23.7 million (0.07 percent of its total exports
worth $30.4 billion) in 1994. (02)

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