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Presidents of Russia Vladimir Putin and of South Africa Thabo Mbeki discussed the outlook for improving bilateral economic ties with representatives of the two countries' business circles in Capetown.

The current bilateral trade turnover stands at $200 million. Nevertheless, the true potential of bilateral cooperation is yet to be discovered, said the Russian leader. Experts estimate joint infrastructure projects at several billions of dollars.

Among potential areas of efficient business partnership between Russia and South Africa Putin named high technology, space, nuclear power generation, the oil and gas sector, mining, motor industry, healthcare, education and tourism.