Bilateral Relations
ic Relations
South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2008 mostly due to the global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11.

The two way trade between South Africa and Indonesia amounts to $ 2,14 billion and covers a range of products from various categories including: live animal and animal products; plant products; textile and textile articles; base metal and articles of base metals and other unclassified goods.

The New Growth Path introduced in 2010, has fixed six priority areas to job creation: infrastructure development, agriculture, mining, manufacturing, the "green" economy and tourism while on the other hand Indonesia is seized with the same endeavors. The two countries complement each other and avenues for expanding and deepening bilateral trade are numerous.  

South Africa and Indonesia are involved in concerted efforts to explore areas of cooperation to strengthen ties, e.g. trade relations and investment cooperation. The Indonesian business community can benefit from South Africa’s position as the regional economic powerhouse and its strategic location as a hub to other countries within the region. Likewise, with a population of approximately 240 million, Indonesia is a potential market for South African products. Indonesia can also serve as catalyst for South Africa to penetrate the envisaged Southeast Asian Market: the ASEAN Free trade Area (AFTA).

The Indonesian National Agency for Export Development (NAFED) of the Indonesian Ministry of Trade as well as the Indonesian Chamber of Commerce and Industry (KADIN) are very active in facilitating Indonesian businesses in a number of trade promotions and exhibition in South Africa. South African companies, such as DigiCore, Murray & Roberts, Skyriders, Fresh World, Explochem, Denel, AEL, are active in exploring opportunities in Indonesia.
HE Dr Hilton Fisher
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