Saudi Arabia's meetings with South Africa have led to billion-dollar deals. The countries have met often since 2022, when the Saudi Crown Prince talked with South African President Ramaphosa.
Gulf nations like Saudi Arabia and the UAE are investing in African mining, energy, and farming projects. South Africa appeals to investors because it has good infrastructure and well-run companies at lower prices than elsewhere.
"We see a gap between South African company values compared to other markets. Strategic investors looking long-term will notice opportunities," said Ruven Naidoo from Investec Bank. "Our management teams have strong skills and knowledge. Companies here excel at their work."
Officials and business leaders travel between the countries every few months. About $5 billion in investments involve renewable energy, logistics, gas stations, and real estate. Some deals are signed; others remain under discussion. As trips increase, South African Airways may start direct flights between Johannesburg and Riyadh.
Gulf nations like Saudi Arabia and the UAE are investing in African mining, energy, and farming projects. South Africa appeals to investors because it has good infrastructure and well-run companies at lower prices than elsewhere.
"We see a gap between South African company values compared to other markets. Strategic investors looking long-term will notice opportunities," said Ruven Naidoo from Investec Bank. "Our management teams have strong skills and knowledge. Companies here excel at their work."
Officials and business leaders travel between the countries every few months. About $5 billion in investments involve renewable energy, logistics, gas stations, and real estate. Some deals are signed; others remain under discussion. As trips increase, South African Airways may start direct flights between Johannesburg and Riyadh.
