Staff Reporter
SOUTH Africa says its companies invested approximately US$1.2 billion (about N$19.5 billion) in Namibia between 2023 and 2025, creating around 4,900 jobs, as Presidents Netumbo Nandi-Ndaitwah and Cyril Ramaphosa prepare to co-chair the Fourth Session of the Namibia-South Africa Bi-National Commission (BNC) in Pretoria on Friday.
In a statement issued ahead of the summit, the South African Presidency described Namibia as one of South Africa’s foremost strategic partners in Southern Africa and reaffirmed the two countries’ commitment to strengthening bilateral trade, investment and regional integration.
According to the South African Presidency, more than 50 South African companies invested in Namibia between 2023 and 2025, contributing about US$1.2 billion in capital across sectors including mining, banking, insurance, property and renewable energy.
The investments are estimated to have created approximately 4,900 jobs.
The Presidency said the two countries enjoy strong bilateral relations rooted in their shared struggle against colonialism and apartheid, with cooperation extending across political dialogue, economic development, environmental management, science and technology, social development, as well as defence and security.
It added that Namibia’s political stability and close relationship with South Africa make it a key strategic partner within the Southern African Development Community (SADC), the African Union (AU) and other international platforms.
South Africa also noted that both countries share common positions on advancing African political and economic integration, promoting Pan-African values, strengthening South-South cooperation and supporting a rules-based international system.
Friday’s summit will be accompanied by the South Africa-Namibia Business Forum in Midrand, where government and business leaders from both countries are expected to explore opportunities to strengthen trade, investment and regional industrialisation.
The forum will focus on expanding commercial partnerships and encouraging greater private-sector collaboration between Namibia and South Africa.
The Fourth Session of the Bi-National Commission follows meetings of senior officials and ministers held earlier this week and is expected to conclude with directives from the two Heads of State aimed at further strengthening bilateral cooperation.
Photo: The Presidency of the Republic of South Africa
