A top South African business delegation led by South Africa's Deputy Minister of Economic Development Ms Hlengiwe Mkhize will be arriving in Colombo next week.
The delegation consists of 30 leading business members of the Progressive Business Forum of African National Congress (ANC-PBF), the ruling ANCís business collective. It will be in Sri Lanka from September 5-8. The PBF consists of many business leaders from top South African industry and business sectors such as mining, agriculture, tourism, logistics, automotives, minerals and diamonds, chemicals, finance and outsourcing. PBF is one of the first stops of any international business delegation visiting South Africa.
According to the Department of Commerce of Sri Lanka, South Africa has become the most important trading partner for Sri Lanka in the Southern African region. In 2011, bilateral trade between both countries topped $ 65.49 Mn. The balance of trade between Sri Lanka and South Africa is reported in favor of South Africa except in 2007 & 2010.
Last July, a top Sri Lankan Business delegation visited South Africa as part of a joint initiative of the Sri Lanka High Commission in Pretoria and the Sri Lanka Export Development Board (EDB) to take part at the SAITEX 2012 International Trade fair in Midrand which featured a special Sri Lankan pavilion.