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Obama also pledged to renegotiate an African trade pact to improve it for US businesses.
South Africa’s trade with its BRICS partners increased by 108 per cent between 2007 and 2011.
The South African National Defence Force confirms that its peace-keeping mission there has been terminated.
Initiatives to boost economic ties include the establishment of the India-South Africa Joint Ministerial Commission.
An increase in wages follows violent strikes in the Western Cape province.