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Saudi Arabia South Africa Business Council

The Saudi Arabia South Africa Business Council (SASABC) was established by Business Unity South Africa (BUSA) and the Saudi Chambers of Commerce. The council was created to improve two-way trade and investment relations between South Africa and the Middle Eastern economic powerhouse.

Trade Statistics

%

of the world's proven petroleum reserves is in Saudi Arabia

%

of South African imports come from Saudi Arabia

%

Investments in the Industrial and Service Sector equate to $700m

South Africa’s Export Trade With Saudi Arabia

  • Annual Trade Growth Between South Africa and Saudi Arabia 32.6%
  • Growth of South Africa’s exports between 2013 and 2014 to Saudi Arabia 80.62%
  • Growth of South Africa’s imports to Saudi Arabia from 2010 – 2014 exceeds 300% 100%

Find Out More About The SASABC Countries

Latest SASABC News

SA, Saudi Arabia create holding company

INTERNATIONAL / 11 June 2012, 5:20pm SAPA South Africa and Saudi Arabia have created a joint holding company that could see at least R20 billion being invested in business opportunities, Trade and Industry Minister Rob Davies said on Monday....

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Fruitful meeting strengthens SA, Saudi business ties

CAPE TIMES / 7 May 2015, 06:23am Aziz Hartley THE third Saudi Arabia South Africa Business Council (SASABC) meeting, held in Riyadh, Saudi Arabia, yesterday, was declared the most successful yet by the council’s two co-chairs, Dr Iqbal Survé and Dr Amin AlShanqiti....

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Trade: SA, Saudis cement links

COMPANIES / 7 May 2015, 08:00am Staff Reporter The Saudi Arabia South Africa Business Council (SASABC) had agreed to strengthen economic relations between the two countries, the council said yesterday. The SASABC, co-chaired by Dr Iqbal Surve and Dr Amin AlShanqiti,...

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SA butters its bread on both sides in Middle East

SUNDAY INDEPENDENT / 1 May 2016, 10:21am Peter Fabricius SA’s relations with the Middle East are something of a black hole, replete with ironies and mysteries, writes Peter Fabricius. Pretoria - South Africa’s relations with the Middle East are something of a black...

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Joining dots on Zuma’s policies

SUNDAY INDEPENDENT / 17 April 2016, 10:24am Peter Fabricius The president seems to take the high-handed view that conducting foreign policy is his prerogative and he need not justify or explain it, writes Peter Fabricius....

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Zuma woos Saudi and UAE investors

BUSINESS NEWS / 30 March 2016, 07:30am Wiseman Khuzwayo Johannesburg - President Jacob Zuma has spent most of his Easter weekend wooing investors in Saudi Arabia and the United Arab Emirates (UAE) as part of his pledge to revive South Africa’s economy....

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