BEIJING - Companies from China and South Africa will be able to tap the China-Africa Development Fund for investment in minerals, energy and other industries, the two countries said in a joint communique on Wednesday.

The two countries will "explore ways to enhance capacity building in mining, construction and other industries" according to the communique, issued during a visit to the Chinese capital by South African Deputy President Phumzile Mlambo-Ngcuka.

In June, Beijing launched the $5 billion China-Africa Development Fund, with initial capital of $1 billion, to help finance Chinese investments in Africa, part of Beijing's pledge to double its aid to the continent.

Beijing is increasingly using its massive foreign reserves to lend to Africa, paving the way for its state-owned firms to bid on mining and infrastructure projects as it tries to secure raw materials supply for its booming economy.

The countries also agreed to expand exchanges and cooperation in a variety of fields, particularly aquaculture and agricultural products. China increased the number of scholarships offered to South African students.

"The Chinese side noted with appreciation the position taken by South Africa and other countries, against Taiwan's bid for U.N. membership during the 62nd session of the U.N. General Assembly," the communique said.