"Trade between South Africa and India is projected to reach $12 billion by 2012 and South Africa is seeking cooperation with the Indian private sector to achieve this target", said South African Deputy Minister, Trade and Industry. While highlighting that the bilateral trade between both countries had risen exponentially from a negligible $ 45 million in 1993 to $ 6 billion mark in 2007-08, Elizabeth Thabethe, at an exclusive interaction and conference on South Africa: Trade and Investment Opportunities, organized by Confederation of Indian Industry (CII) in association with the Department of Trade and Industry, South Africa, Friday in Mumbai, remarked that various initiatives including establishment of the India-South Africa Joint Ministerial Commission had already been implemented.