DiplomacySouthern AfricaTrade & Investment

Ramaphosa Seeks Tech Investment in Shenzhen

Adekunle Owolabi
By Adekunle Owolabi 2 Min Read
President Cyril Ramaphosa visits Guangdong Province during China State Visit to champion South Africa's economic diplomacy and draw inspiration on the knowledge economy that has made Shenzhen a global center of technology, innovation and growth. [Photos: GCIS]
President Cyril Ramaphosa visits Guangdong Province during China State Visit to champion South Africa's economic diplomacy and draw inspiration on the knowledge economy that has made Shenzhen a global center of technology, innovation and growth. [Photos: GCIS]

Shenzhen, China – South African President Cyril Ramaphosa visited Shenzhen, China, a leading technology hub, as part of his state visit to strengthen economic relations and attract investment to South Africa. Shenzhen, known as China’s Silicon Valley, hosted a business roundtable attended by top companies such as BYD, Tencent, Huawei, and Shenzhen Energy Group.

President Cyril Ramaphosa visits Guangdong Province during China State Visit to champion South Africa's economic diplomacy and draw inspiration on the knowledge economy that has made Shenzhen a global center of technology, innovation and growth. [Photos: GCIS]
President Cyril Ramaphosa visits Guangdong Province during China State Visit to champion South Africa’s economic diplomacy and draw inspiration on the knowledge economy that has made Shenzhen a global center of technology, innovation and growth. [Photos: GCIS]

During the roundtable, Ramaphosa emphasized South Africa’s commitment to developing its electric vehicle industry and creating an environment favorable to foreign investment by reviewing existing regulations. He also highlighted 130 private sector energy projects set to produce 22,500 megawatts of electricity, positioning South Africa as a regional hub for manufacturing and development.

President Cyril Ramaphosa visits Guangdong Province during China State Visit to champion South Africa's economic diplomacy and draw inspiration on the knowledge economy that has made Shenzhen a global center of technology, innovation and growth. [Photos: GCIS]
President Cyril Ramaphosa visits Guangdong Province during China State Visit to champion South Africa’s economic diplomacy and draw inspiration on the knowledge economy that has made Shenzhen a global center of technology, innovation and growth. [Photos: GCIS]

The president toured the headquarters of BYD and Huawei, meeting with founders Wang Chuanfu and Ren Zhengfei. His delegation included ministers of trade, industry, energy, and public works, alongside the premier of the Eastern Cape.

Ramaphosa invited Guangdong’s political leaders to visit South Africa and explore further investment opportunities.

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Adekunle Owolabi
By Adekunle Owolabi
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Adekunle, a seasoned journalist renowned for his astute coverage of global affairs, has honed his craft across diverse newsrooms in Lagos, Johannesburg, and Abu Dhabi. Adept at navigating the complexities of political and international diplomacy, he consistently delivers insightful analysis and accurate reporting, earning him recognition as a trusted voice in the field
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