Pretoria - The Department of Trade and Industry (dti) is inviting companies to participate in the Trade and Investment mission to Ghana and Nigeria.
Companies in the sectors of agriculture and agro-processing, built environment professionals, automotive and auto-components, energy (oil and gas), electro-technical, infrastructure (rail, road and telecoms) as well as mining and capital equipment are encouraged to apply.
Companies in these sectors must apply to the department before 8 June 2016 for the investment mission taking place from 8 to 12 August.
According to Deputy Minister Mzwandile Masina, the objective of the trade mission to Nigeria is to build on the commitments made during the recent State visit by President Jacob Zuma in March 2016.
“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,” he said on Friday.
Both Nigeria and Ghana are important role players in African economic performance and present a long term export potential for South Africa in terms of investments and trade.
Bilateral trade between South Africa and Ghana experienced an upward trend between 2011 and 2015, growing from R3.1 billion to R4.6 billion respectively.
Meanwhile, bilateral trade between South Africa and Nigeria has experienced steady growth with total trade increasing from a total of R28.4 billion in 2011 to R46.1 billion in 2015.
Participating companies will be assisted through the dti’s Export Marketing and Investment Assistance Scheme (EMIA), who objectives are to develop export markets for South African products and services, and to recruit new foreign direct investment into the country. – SAnews.gov.za
