Published On: Tue, Aug 11th, 2015

SA mission explores West African investment prospects

The South African Deputy Minister of Trade and Industry, Mzwandile Masina,JOHANNESBURG, (CAJ News) – A DELEGATION of South African businesspeople is next week scheduled to embark on a mission to explore investment
opportunities in Ghana and Nigeria.

The tour would be held under the auspices of the Outward Selling and Investment Mission (OSIM) scheduled to take place from August 17 to 21.

The South African Deputy Minister of Trade and Industry, Mzwandile Masina,
will lead the delegation whose objective is to increase trade and  investment, and deepen bilateral relations between South Africa and the
two West African countries.

“The mission presents the Department of Trade and Industry (DTI) with an opportunity to continue to pursue economic collaboration and partnerships
with African countries. This as we continue crafting the way forward for sustainable economic development and the development of investment in the
African continent,” said Masina.

He added that South Africa has taken a conscious decision to partner Nigeria during their development phases and that Nigeria, like most countries in Africa, presents wealth of business opportunities for South African companies.

Nigeria and South Africa are rated as the continent’s biggest economies.

Bilateral trade between the two countries 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. Bilateral trade between South Africa and Ghana has experienced an upward trend between 2010-2014, growing from R2,6 billion to R10,8 billion.

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

The programme for the OSIM includes Trade and Investment seminars, mini
exhibitions, business to business meetings and site visits.

– CAJ News

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