Two officials seated in a formal meeting, discussing Angola’s oil output decline.
President Cyril Ramaphosa is strategically strengthening South Africa’s economic ties with Japan to diversify its global partnerships and counter recent US tariffs on South African exports. On the sidelines of the TICAD9 summit in Yokohama, Ramaphosa met Japanese business leaders in renewable energy and automotive manufacturing, including Mitsui, Isuzu, and Mitsubishi Heavy Industries, to secure fresh investments. Japan is already a major partner, with over $5 billion invested in South Africa and 260 firms supporting 150,000 local jobs. With bilateral trade valued at close to $7.5 billion in 2024 and South Africa recording an almost $3 billion surplus, this enhanced collaboration promises to unlock new technology, boost local businesses, and create a more resilient and profitable future for the South African economy.
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