Trade minister Rob Davies says South African’s seeking to make deals with Cuba may have their payment guaranteed before shipping goods there.

South Africa’s R350 million assistance packge to Cuba dates back to President Jacob Zuma’s visit to island four years ago.

It covers grants for buying seeds and goods on the South African market.

The largest tranche is a credit line for would-be exporters.

The adjusted agreement signed by Trade minister Rob Davies and Cuban ambassador Carlos Fernando de Cassio today allows smaller South African businesses into the mix and makes the Department of International Relations and Cooperation through the African Renaissance Fund the facilitating agent.

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