Cape Town - More than a hundred South African companies are doing business in Nigeria, South Africa President Jacob Zuma said at the end of official talks with President Goodluck Jonathan in Cape Town.
According to Zuma, most of these companies operate in the telecommunications sector.
“We have also seen a keen interest from Nigerian businesses in investing and doing business in South Africa across a number of sectors. Also important is the need to promote people to people linkages, especially through tourism,” Zuma said.
“Last year South Africa received a total of 73 282 Nigerian tourists, which is a 13.8% increase from the 64 402 Nigerian tourists who visited South Africa in 2011. We welcome this upward trend.
“Our records indicate that Nigerian tourists contributed a total of R720 million to the South African economy last year.”
According to Zuma, the two presidents have prioritised economic cooperation between the countries. The political landscape of Africa was also discussed.
“Our two countries share a common vision on issues of political and economic integration in Africa.
“We also share a common vision on the need for a sustainable conflict resolution mechanism in Africa that is primarily driven by Africans.
“South Africa and Nigeria also share a common vision on the need for the reform of the multilateral institutions such as the United Nations, the IMF and the World Bank to reflect the realities of the changed and changing international environment,” Zuma said.
Zuma and Jonathan will both attend a meeting of the World Economic Forum on Africa in Cape Town on Wednesday and Thursday where Africa’s economic future will be a major topic of discussion.