This was announced by President Cyril Ramaphosa during the South Africa-Namibia Business Forum held in Namibia.
The President said the two countries can use the opportunities presented by the African Continental Free Trade Area to position themselves as an industrialising hub for the continent with a focus on increased trade between the two countries and with the rest of the continent.
"One of these relate to our use of critical minerals to ensure that manufacturing takes place on the African continent," he said. "In order to boost investment, we agreed earlier today to request our Ministers of Trade and Industry to work towards establishing a financing facility for industrial and productive development projects," he said.
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