Sekunjalo Investment Holdings has formalised a new partnership with China’s Hainan International Resources Group, setting the stage for enhanced trade, cultural exchange, and investment opportunities between South Africa and China.
The Memorandum of Understanding (MOU) was signed at a ceremony in Cape Town on October 28, 2024, attended by senior representatives from both organisations.
The collaboration is part of Sekunjalo’s ongoing strategy to promote international partnerships and bring high-quality South African products to Chinese consumers. As outlined in the MOU, the two companies plan to initiate several joint projects, including Sekunjalo’s participation in the upcoming Hainan International Consumer Goods Expo, the establishment of duty-free stores in Hainan for African goods, and joint exploration of mining opportunities across Africa.
Dr Iqbal Survé, Chairman of Sekunjalo Investment Holdings, expressed his optimism about the partnership, stating: “This partnership is a meaningful step forward in deepening ties between South Africa and China. We look forward to working closely with Hainan International Resources Group to showcase South Africa’s rich offerings, from consumer goods to cultural exchanges, while fostering sustainable economic growth for both nations.”
Key initiatives in the agreement include the launch of duty-free outlets in Hainan, where Chinese consumers and tourists can access South African luxury products—a growing market demand in China. Sekunjalo and Hainan International Resources also plan to strengthen ties through cultural events, exploring the possibility of hosting the Cape Town International Jazz Festival in Hainan. In addition, talks are under way for establishing a Sister City partnership between Haikou City and a South African city, which could foster further cultural and economic ties.
This partnership aligns with Sekunjalo’s mission of supporting inclusive economic growth and cross-cultural understanding. As both organisations move toward implementing these initiatives, they aim to create long-term value and strengthen global cooperation. Sekunjalo hopes the agreement will not only open new business channels but also strengthen diplomatic relations between South Africa and China, bringing mutual benefits to both countries.
Sekunjalo Investment Holdings, headquartered in South Africa, focuses on creating innovative business solutions, driving inclusive economic growth, and establishing international partnerships that contribute to social and economic development.
IOL