S. African investment team in town

•    Mr.  Masina

• Mr. Masina













A South African business delegation is undertaking an outward selling and investment mission in Ghana and Nigeria this week to increase its trade and investment.

The tour which ends on Friday, August 21, is also aimed at deepening relations between South Africa and the two countries.

Spokesperson Sidwell Medupe, said the mission would serve as an ideal opportunity for South African companies to export value-added products and services to Ghana and Nigeria.

It is also serves as a means for companies, which are looking for investment opportunities to penetrate these West African countries.

Mzwandile Masina, South African Deputy Minister of Trade and Industry, who is leading the team, said the visit would provide a platform for South African companies to promote their products and services into the West African market.

The mission presents the South African Department of Trade and Industry with an opportunity to continue to pursue economic collaboration and partnerships with the West African countries.

Mr. Masina said that South Africa had taken a conscious decision to partner with Nigeria during their development phases and that Nigeria, like most countries in Africa, presents wealth of business opportunities for South African companies.

He said the trade relations between South Africa and Ghana has recorded an upward trend from R2.6 billion to R10.8 billion, from 2010 to 2014.

Meanwhile, trade between South Africa and Nigeria has experienced a fluctuating but upward trend from 2010 to 2014, growing from a total of R20.5 billion in 2010 to R66.2 billion in 2014.

Sectors targeted for the mission are agriculture and agro-processing, build environment professionals, infrastructure, furniture and wood processing energy and mining.

The visit includes trade and investment seminars, exhibitions, business to business meetings and site tours.

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