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The bus was travelling from Pretoria when it collided with a truck.
The finance minister said there was need to fight the gloom narrative.
The BRICS National Youth Consultative Forum held by the South African Foreign Ministry opened in Pretoria on Friday.
China's trade with Africa has surged from about $10 billion in 2000 to $166 billion in 2011.
The project demonstrates confidence in South Africa as an investment destination, said the president.
The two leaders also addressed the South Africa-France Business Forum in Pretoria.
The reform of voting rights, known as quotas, cannot proceed without approval from the US Congress.
In an exclusive interview, South Africa's finance minister outlines the strength of the bloc and his country's economic health.
Satellite production is seen as an important scientific and trade goal.
The South African leader also reiterated calls for Africa to have a permanent seat at the UNSC.
