Briefing the media in Pretoria on Thursady, Foreign Affairs Deputy Minister Aziz Pahad said the meeting would bring together all economic ministers of the two countries.
He said the meeting was important to South Africa because Mozambique was one of the fastest growing economies in the Southern African Development Community (SADC) region and South Africa's largest trading partner in the SADC region.
He also said South Africa was the second largest investor in Mozambique worldwide.
“An estimated 250 South African companies are currently operational in Mozambique,” said the deputy minister, adding that the cellular phone giant Vodacom, was now operating in Mozambique.
Pahad added that the meeting was important because the Industrial Development Corporation (IDC) was spending an estimated R20-billion in the Zambezi valley, where it was helping to revamp the railway system and a major port.
Other development projects the IDC was involved in included in the fields of mineral beneficiation, agriculture, tourism, chemicals, forestry and energy.
The two countries will also discuss issues of investment, labour, migration, the South African Natural Gas Pipeline Project and the Great Limpopo Transfrontier Park, amongst others. – BuaNews.
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