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Putin to boost South Africa trade | |
(about 13 hours later) | |
Russian President Vladimir Putin has pledged to boost business ties with South Africa on a landmark visit. | |
He said economic ties between the two nations, both with vast mineral and diamond reserves, lagged far behind the political affinity they enjoyed. | |
"The decades-long interruption in ties between South Africa and Russia is now history," Mr Putin said. | |
This is the first trip by a Russian president to the country. Moscow once aided South Africa's current leaders. | |
South Africa's ruling party, the ANC, received military training and financial support from Moscow during its many years of fighting apartheid. | South Africa's ruling party, the ANC, received military training and financial support from Moscow during its many years of fighting apartheid. |
But since the party took power 12 years ago, Russian influence has waned. | But since the party took power 12 years ago, Russian influence has waned. |
And the BBC's world affairs correspondent, Peter Biles, says Russia is now conscious of growing Chinese interest in many areas of sub-Saharan Africa. | And the BBC's world affairs correspondent, Peter Biles, says Russia is now conscious of growing Chinese interest in many areas of sub-Saharan Africa. |
'Big projects' | |
Mr Putin held talks on Tuesday with South African President Thabo Mbeki. | |
Dozens of business leaders in his delegation were also expected to meet their South African counterparts during the two-day visit. | |
"We should not only get absorbed in sentimental reminiscences of the past but also get involved in ways to enhance our co-operation in the future," Mr Putin said. | |
"We have a lot of catching up to do," he said. "The level of our economic co-operation is totally out of line with the political trust and confidence we've had over recent years. | |
He said Russia and South Africa "are planning big projects worth billions of dollars". | |
Investments being discussed include diamonds, mining and metals. | |
Diamond firms | Diamond firms |
Mr Putin is being accompanied by some of Russia's most high-profile business leaders. | Mr Putin is being accompanied by some of Russia's most high-profile business leaders. |
Two of the world's biggest diamond firms - De Beers of South Africa and Russian company Alrosa - are expected to sign an agreement. | Two of the world's biggest diamond firms - De Beers of South Africa and Russian company Alrosa - are expected to sign an agreement. |
Other topics on the agenda of talks between Mr Mbeki and Mr Putin include health care and space exploration, which South Africa is keen to become more involved in. | |
Mr Putin said Russia and South Africa had very similar approaches in foreign policy issues. | |
Though business ties were the focus of the current visit, the Russian leader said he could not conceal a desire "to see more co-operation in the military sphere". | |
During his state of the nation address in May, President Putin said he wanted relations to improve between Russia and Africa. | During his state of the nation address in May, President Putin said he wanted relations to improve between Russia and Africa. |
Many former ANC activists, including President Mbeki, underwent military training in the Soviet Union. | Many former ANC activists, including President Mbeki, underwent military training in the Soviet Union. |
Mr Putin is expected to be given a tour of the prison on Robben Island where former President Nelson Mandela spent 18 years as a prisoner of the former apartheid regime. | Mr Putin is expected to be given a tour of the prison on Robben Island where former President Nelson Mandela spent 18 years as a prisoner of the former apartheid regime. |
The Russian leader is expected to travel to Morocco later this week. | The Russian leader is expected to travel to Morocco later this week. |