South Africa and Russia Explore New Avenues for Trade, Energy and Investment

Deputy President Paul Mashatile meets Russia’s PM to deepen SA–Russia trade, energy, and investment ties during high-level visit to Moscow.

In a move aimed at reinforcing diplomatic and economic ties, South Africa’s Deputy President Paul Mashatile met with Russian Prime Minister Mikhail Mishustin at the House of the Government of the Russian Federation in Moscow. The meeting formed part of a high-level Working Visit to Russia, focused on unlocking new avenues for political and economic cooperation between the two nations. Deputy President Paul Mashatile was accompanied by a strong delegation, including eight ministers and deputy ministers. The bilateral discussions covered a broad spectrum of potential collaborations in trade and investment, mineral and energy development, agriculture, healthcare, education, logistics, and infrastructure.

“South Africa wants to strengthen its trade relations with Russia. That is why we are here,” said the Deputy President. “We are investing more in energy, and have included nuclear in our energy mix. Additionally, we want to export more of our agricultural products to Russia, and our markets are open for Russian businesses and state-owned companies to come and do business in South Africa.”

Highlighting South Africa’s strategic geographical position, the minister noted that the country is well-positioned as a gateway to the African continent. “Once you are in South Africa, you have access to a market of over one billion people across Africa. We want to invite Russian companies to partner with us, and we are also keen on collaboration with state-owned enterprises,” the minister added.

Deputy President Paul Mashatile expressed concern over the historically low levels of trade between the two nations, pledging to take active steps to significantly boost economic exchange.

Infrastructure development also formed a key part of the agenda. The South African delegation emphasized the need for enhanced investment in port logistics and rail networks, including both freight and commuter rail. South Africa’s state-owned logistics company, Transnet, was identified as a potential partner for future collaboration with Russian counterparts in improving critical transport infrastructure.

The meeting concluded with a mutual understanding that increased cooperation, especially in sectors such as energy, agriculture, and logistics, would yield significant benefits for both countries. The Working Visit reflects South Africa’s broader goal of diversifying its international partnerships and promoting inclusive economic growth through strategic global engagement.