By Lehlohonolo Lehana.
President Cyril Ramaphosa hosted his Angolan counterpart, President João Manuel Gonçalves Lourenço, on a state visit to the Union Buildings in Pretoria on Thursday.
The aim of the state visit was to strengthen ties between the two countries.
Angola is one of the countries that opened its doors to South African freedom fighters during the fight against Apartheid.
The two leaders also addressed the business forum under the theme: ‘South Africa and Angola, working together to forge a new era of co-operation and partnership to increase mutually beneficial trade and investment.’
Lourenco’s last visit was in 2017 when he took over the reins as the leader of the oil-rich nation.
Ramaphosa has emphasised that increasing trade and investment between South Africa and Angola remains a top priority.
“Increasing trade and investment between the two countries remains our foremost objective. South Africa must become the destination of choice for Angolan goods, products and services, and vice versa,” he said.
Ramaphosa highlighted the decision to elevate the structured bilateral mechanism between South Africa and Angola from a Joint Commission of Cooperation to a Bi-National Commission (BNC), reflecting a deepening commitment to collaboration.
The inaugural BNC session will take place in Angola next year, coinciding with the 50th anniversary of Angolan independence.
“Co-chairing this first session with you will be an honour, especially given that it will be during the 50th anniversary celebrations of Angolan independence.”
The President underscored the strong economic ties between the two nations, noting the presence of 20 South African companies in Angola and their diversification into sectors beyond oil.
South African foreign direct investment (FDI) into Angola has been in a range of sectors such as financial services, IT, food and beverage, transportation, warehousing and tourism.
South Africa’s Industrial Development Corporation (IDC) also has investment projects in Angola, namely in the Cabinda Oil Refinery and the Cabinda phosphate project.
“We want to see more Angolan companies in South Africa. Opportunities exist in infrastructure development, agriculture, construction, mining, financial services, telecoms and manufacturing, to name but a few,” the President explained.
The leaders discussed leveraging the African Continental Free Trade Agreement (AfCFTA) to drive industrialisation and trade.
Ramaphosa also emphasised the potential for joint strategies in mineral beneficiation, particularly as global demand grows for critical minerals essential to the energy transition.
He highlighted Angola’s Lobito Trans-Africa Corridor as a promising development for regional integration and trade.
“We see the African Continental Trade Agreement as a catalyst for inclusive economic growth, and we must take advantage of the system of preferential terms provided to signatories.
With South Africa having assumed the G20 Presidency, Ramaphosa pledged to prioritise Africa’s developmental goals, particularly those outlined in Agenda 2063.
According to the African Union, Agenda 2063 is Africa’s development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period.
The President highlighted that South Africa will host the first G20 Summit on African soil in 2025, signalling a historic moment for the continent.
“Working with the African Union and fellow African countries will ensure that the issues of strategic importance to Africa and the Global South are highlighted.”
The President further extended a warm welcome to Lourenço and his delegation saying his visit marks a significant step in strengthening bilateral ties between the two nations.