By Akani Nkuna
President Cyril Ramaphosa said on Friday that Austrian President Alexander van der Bellen’s state visit to South Africa was a crucial moment for deepening trade and investment ties between the two nations.
South Africa currently stands as Austria’s largest economic and trade partner on the continent, accounting for nearly a third of Austria’s total exports to Africa.
According to the Austrian government, around one-third of the country’s total exports to Africa are destined for South Africa.
In 2024, Austrian imports from South Africa totalled approximately EUR 617 million, while exports of goods and services to the country reached EUR 661 million.
Bilateral trade volumes have grown steadily by 10–15% annually, driven largely by mechanical engineering products, vehicle components, and chemical goods.
In his address, Ramaphosa said there were more than 70 Austrian companies with subsidiaries or agencies in South Africa across a range of sectors.
He pointed
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