South Africa’s deepening economic woes and rising unemployment could deal a severe blow to the radical intervention of local Chinese companies.
This was revealed during a high-attendance job fair organized by the South African-Chinese Economic and Trade Association (SACETA) in Midrand, Johannesburg. The job fair aims to promote job opportunities for young people in South Africa to Chinese companies investing in South Africa.
Over the next three years, more than 100 Chinese companies operating in SA will offer at least 20,000 jobs to locals. These include leading brands such as Huawei South Africa, Pengxin and COSCO Shipping Line South Africa.
Job creation was announced by China’s SA Ambassador to Chen Xiaodong in his keynote address at the conference.
SA’s Minister of Employment and Labor, Thulas Nxesi, also gave a keynote speech on behalf of President Cyril Ramaphosa, who withdrew from the incident for unforeseen urgency, including the deadly floods in KwaZulu-Natal.
Embracing the Job Fair, Nxesi said: “Our country is struggling with low economic growth. To avoid social scourge, we rely on friendships to create industries and sustainable jobs. ”
He is pleased that China, the largest foreign investor in Africa, plans to create thousands of jobs in SA over the next three years. “Youth unemployment can create social chaos,” Nxesi said. He said the SA intends to improve cooperation with China, including at the level of the BRICS countries (Brazil, Russia, India, China and South Africa), with the exclusive emerging power of geopolitics.
“We are celebrating the closeness of our friendship based on trust and mutual respect,” Nxesi said.
Alvin Botes, Deputy Minister of International Relations and Cooperation (DIRCO), who also spoke at the Job Fair, praised China as the country’s largest trading partner. He said China’s total trade in SA in 1998 was only R1b. He ran into the skies today for the R544b in a two-way trade, he said.
He told delegates that SA was constantly looking for new ways to work together. “As a dirco, we believe China will remain credible in various areas of multilateralism. Economic diplomacy between us will increase the inclusion of prosperity in the direction of AU Agenda 2063, ”Botes said.
He added: “Today’s event is a good example of China’s efforts to support South Africa’s goals of tackling the triple challenge of poverty, unemployment and inequality, and that is the depth of our partnership.”
Botes said China’s job creation efforts will include spin-offs, “such as the transfer of expertise and skills, especially in critical sectors such as ICT and mining. Clothing, IT, construction, food processing, energy, retail, logistics, manufacturing and finance ”.
It was also exciting news that Chinese companies and businesses participating in the Job Fair have already advertised job opportunities. “I hope many young South Africans seize these opportunities that the Chinese business community offers,” Botes said.
Ambassador Chen said President Xi Qing-ping recently noted that “jobs are the most livelihood project. Jobs are key to social stability. ”
He said his job exchange was the result of a telephone conversation last month between President Ramaphosa and President Xi, during which the two leaders reached important agreements on bilateral cooperation. “The main goal of the Job Fair is to create a win-win outcome. This will create jobs for South Africans. It also gives Chinese companies the opportunity to hire local talent and pursue local development, ”said Ambassador Chen.
He added: “Chinese-invested businesses here are actively fulfilling their social obligations, complying with local laws and regulations, and supporting the socio-economic development of South Africa.”
China has been SA’s largest trading partner for 13 consecutive years. Under COVID, China’s trade in 2021 will exceed $ 54 billion – a 50% increase. SA’s exports to China reached $ 33 billion, an increase of nearly 60%.
“China has also become an important export market for South African beef, citrus fruits, wine, oysters, rooibos tea and many other products,” Ambassador Chen said, adding: “China will import $ 100 billion over the next three years. valuable goods from South Africa. “
Beijing is also collaborating with Pretoria on projects such as the development of a high-speed railway in Joburg-Durban. Bilateral economic development between the two countries will focus on cooperation in areas such as 5G, the digital economy, high technology, e-commerce, smart cities, clean energy and vaccine manufacturing.
Ambassador Chen said: “China is ready to accelerate the construction of vocational training center projects. We are ready to provide employment assistance programs for college graduates and other special groups. ”
Ambassador Chen said the Chinese government is also encouraging Chinese companies to “create more skilled professionals by transferring technology and training the skills of local employees”.
The 2022 Job Fair will take economic ties between China and SA to a higher level – SABC News
Source link The 2022 Job Fair will take economic ties between China and SA to a higher level – SABC News