Following the MOU which was signed by both the president of Nigeria and South Africa, both countries also signed a 30 trade and cooperation agreement on Thursday 3rd October 2019.
South Africa’s Presidents, Cyril Ramaphosa and Muhammadu Buhari, President of the federal republic of Nigeria at the conclusion of a two-day visit by the Nigerian leader said they regretted the violence and subsequent retaliation in Nigeria against South African businesses, pledging instead to deepen the trade ties that exist between both countries.
We can recollect that in September, mobs armed with weapons attacked several businesses and homes owned by foreigners, leading to at least 10 deaths, dozens of injuries and up to 400 arrests in which Nigeria repatriated hundreds of its citizens living in South Africa.
This further led to the South African telecoms company ‘MTN’ and the popular supermarket ‘Shoprite’ to close all stores and service centres in Nigeria after their premises were attacked by Nigerians protesting against attacks on their own in South Africa.
Both countries have now signed and sealed 32 bilateral agreements and memoranda of understanding, covering trade and industry, science and technology, defence, agriculture and energy in which Nigeria accounts for 64 per cent of South Africa’s total trade.
Buhari also stated that beyond the economic partnership, the anti-foreigner violence also have to be addressed quickly.
“We have decided to take concrete measures to prevent the reoccurrence of such incidents in the nearest future,”