‘Intergovernmental Development Marketplace’ Is a Scam, DTI Warns


Dear South Africans, the Department of Trade and Industry (DTI) says the Intergovernmental Development Marketplace (IGDMp) company invite for companies to participate in a Trade Invest Africa initiative is a scam.

DTI warned that the company is targeting businesses looking to conduct trade and investment with the rest of the African continent.

DTI says the Intergovernmental Development Marketplace claims of running a programme in partnership with DTI to help companies participate in the Intra-Africa marketplace, and to be preferred suppliers or contractors that will provide goods and services to all African countries in a government-to-government procurement programme, are false.

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“It has come to the attention of the dti that a company by the name of Intergovernmental Development Marketplace (IGDMp) is circulating a letter to companies inviting them to participate in a Trade Invest Africa initiative at a cost of R7 500.

“As a government department, we are providing a free service to companies interested in investing in various parts of Africa or conducting trade with other companies from across the continent.

“We are not working with any private company to provide this service. We suspect this is a scam by an unscrupulous group of individuals who are using information from the DTI website, including the logo, to illegally dupe unsuspecting people.

We would like to advise companies that have already paid money to this company to report to the police,” DTI stated.

The Acting Chief Executive Officer of Trade Invest Africa (TIA) Lerato Mataboge stressed that Intergovernmental Development Marketplace offer is a scam.

According to him, neither DTI nor TIA formed any partnership with Intergovernmental Development Marketplace.

Thus, companies approached to pay for a service to be rendered by TIA or the DTI was advised to contact 0861 843 384 or 012 394 5000 and report the matter.

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When the Minister of Trade and Industry, Rob Davies launched TIA in July this year, it was highlighted that as an arm of DTI, TIA would coordinate and implement South Africa’s economic strategy for Africa, premised on the development integration approach.