Here’s probably, the opportunity you’ve been waiting for. South Africa’s Department of Trade and Industry (dti) is calling on SA companies to take part in a Trade and Investment mission to Ghana and Nigeria.
BuzzSouthAfrica gathered that participating companies will be assisted via the dti’s Export Marketing and Investment Assistance Scheme (EMIA), designed to recruit new foreign direct investment into the country and develop export markets for South African products and services.
SA companies in sectors like agriculture and agro-processing, built environment professionals, automotive and auto-components, energy (oil and gas), electro-technical, infrastructure (rail, road and telecoms), mining and capital equipment are encouraged to apply.
And, must apply to the department before 8 June 2016 for the investment mission scheduled to hold from 8 to 12 August.
Deputy Minister, Mzwandile Masina related that the essence of the trade mission to Nigeria is to actualize the commitments made during the recent State visit by President Jacob Zuma earlier this year.
“The visit to both countries provides an ideal platform for South African companies, who would like to export value added products and services and for companies who are looking for investment opportunities in the West Africa region,” Masina disclosed.
As claimed, Ghana and Nigeria cannot be ignored for aside both nation playing important roles in Africa’s economy, they offer a long term export opportunities for South Africa in terms of trade and investment.
That, was substantiated with trade records which showed that bilateral trade between South Africa and Ghana experienced an upward trend between 2011 and 2015, growing from R3.1 billion to R4.6 billion.
Similarly, bilateral trade between South Africa and Nigeria experienced steady growth with total trade increasing from a total of R28.4 billion in 2011 to R46.1 billion in 2015.