Sekunjalo Investment Holdings is pleased to announce the signing of a Memorandum of Understanding (MOU) with Hainan International Resources Group Co., Ltd., establishing a strategic partnership aimed at enhancing trade, cultural exchange, and investment opportunities between South Africa and China. This agreement was formalized during a signing ceremony in Cape Town, attended by key representatives from both organisations.
This partnership, marking a significant milestone in Sekunjalo’s commitment to fostering international collaboration, will introduce high-quality South African products to Chinese markets and create new pathways for economic and cultural connection. The MOU sets the foundation for several joint initiatives, including participation in the Hainan International Consumer Goods Expo, the establishment of duty-free stores for African products in Hainan, and a shared focus on exploring mining opportunities across the African continent.
Dr. Iqbal Survé, Chairman of Sekunjalo Investment Holdings, commented: "This partnership is a meaningful step forward in strengthening 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 elements of the MOU include plans for joint participation in the Hainan International Consumer Goods Expo and the establishment of duty-free stores in Hainan. These duty-free outlets will cater to the growing demand for luxury African products among Chinese consumers and tourists, providing a unique platform for South African goods. Additionally, the MOU explores initiatives such as establishing Sister City relations between Haikou City and a South African city, as well as the potential for hosting the Cape Town International Jazz Festival in Hainan—a significant step toward cultural exchange and mutual appreciation of the cultural heritage of South Africa and China.
This MOU reinforces Sekunjalo’s dedication to international cooperation, economic growth, and strengthened cross-cultural understanding. Sekunjalo and Hainan International Resources Group will now work on implementing these initiatives to create long-term value and promote global interconnectedness.
Sekunjalo is confident that this partnership with Hainan International Resources Group will enhance business opportunities and strengthen diplomatic ties between South Africa and China, bringing meaningful benefits to both countries.
* Sekunjalo Investment Holdings is a South African-based investment company focused on promoting inclusive economic growth, innovative business solutions, and international partnerships that contribute to social and economic development.