The Saudi Export-Import Bank and Standard Bank of South Africa signed a $25 million credit agreement to facilitate trade between the two countries. Saudi Arabia was South Africa's 14th largest trading partner in 2023. South Africa's exports to Saudi Arabia increased 23% year over year to 8.1 billion rand. Saudi Arabia's investment in South Africa reached US$1.6 billion, making it the largest investor in the renewable energy sector in South Africa. South Africa's Minister of Trade and Industry Parks Tao said that South Africa hopes to promote services exports to Saudi Arabia. The two countries have agreed to consolidate their respective lists of trade and investment opportunities within the next few weeks and will develop an action plan to be implemented within the next two years.

The Saudi Export-Import Bank and Standard Bank of South Africa signed a $25 million credit agreement to facilitate trade between the two countries. Saudi Arabia was South Africa's 14th largest trading partner in 2023. South Africa's exports to Saudi Arabia increased 23% year over year to 8.1 billion rand. Saudi Arabia's investment in South Africa reached US$1.6 billion, making it the largest investor in the renewable energy sector in South Africa. South Africa's Minister of Trade and Industry Parks Tao said that South Africa hopes to promote services exports to Saudi Arabia. The two countries have agreed to consolidate their respective lists of trade and investment opportunities within the next few weeks and will develop an action plan to be implemented within the next two years.