آفریقای جنوبی

Tehran , Nov.25(SENA) - The ambassador of the Republic of South Africa to Iran describes Iran's capital market as a fully developed and sophisticated entity that can lend the country's economy a big hand to soundly go through hard times caused by imposed sanctions .

In an interview with Securities and Exchange News Agency , Mr. Vika Mazwi Khumalo the ambassador of the Republic of South Africa to Iran admired Iran's economic endeavors to beat the negativity of imposed unilateral sanctions against Iran which have made doing business with Iran for other countries intense and uneasy.

The U.S sanctions have halted the flow of crude oil exports from Iran to South Africa however I do believe that still there are tremendous potentials for both Iran and South Africa to explore grounds of common economic interests and boost commercial as well as economic ties in variety of fields, he added.

"Despite the sanctions, small to mid-size businesses of two nations can go on with their commercial ties quiet easily as there is notable ongoing  collaborations between Iranian and South African corporations in many fields such as agriculture, automobile  ,pharmaceutical and mining industries." SENA quoted Mr.Khumalo as saying.

He also took note of historical ties between two countries specifically MTN company's vast investment in Iran's telecommunication  infrastructure  and expressed hope that two side can boos mutual economic exchanges in the future for the common good of two nations.

The impediments caused by U.S sanctions have affected Iran's banking system however , Iran's capital market has done a great job to provide practical solutions to beat the sanctions through innovative financial instruments and bright economic policies, Mr.Khumalo concluded.

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