President Cyril Ramaphosa told business leaders in Vilankulo, Mozambique, that South African and Mozambican companies need to stop playing it safe and start launching major deals together. He spoke at the South Africa–Mozambique Business Forum and said the cautious approach has to end because bilateral trade has already doubled between 2020 and 2024. Ramaphosa pointed out that South Africa has the tech and industrial strength, while Mozambique has natural gas reserves worth over 50 billion dollars, untapped coal, and tons of arable land.
The president called out six sectors ready for partnerships: food processing, packaging, textiles, wood products, building materials, and metals. South African firms already employ 43,000 people in Mozambique and have invested 160 billion rand. However, border delays at Lebombo, different regulations, and expensive logistics are still problems that need fixing through joint task forces and better infrastructure along the Maputo Corridor.
The president called out six sectors ready for partnerships: food processing, packaging, textiles, wood products, building materials, and metals. South African firms already employ 43,000 people in Mozambique and have invested 160 billion rand. However, border delays at Lebombo, different regulations, and expensive logistics are still problems that need fixing through joint task forces and better infrastructure along the Maputo Corridor.
