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Mon, 30 Oct 2017
South Africa keen to attract investment

Ambassador Nomasonto Sibanda-Thusi says South Africa invests in international trade and investment missions so as to attract investment.

“As representatives of the government of South Africa, we are entrusted with the task of enhancing political and economic relations between the countries we are posted to.

“Our task is to promote cordial mutual bilateral relations that will enable us to position South Africa as a country of choice for bilateral trade and investment,” said the country’s Ambassador to Russia.

Sibanda-Thusi was speaking to South African businesspeople, who were attending the last day of the Investment and Trade Initiative (ITI) in Novosibirsk, Russia, on Thursday.

Organised and funded by the Department of Trade and Industry (dti) the ITI, which got underway on Tuesday, was aimed at increasing exports of agro-processing and clothing and textile products, among others, to the Russian market.

Twenty South African companies participated in the mission.

Ambassador Sibanda-Thusi said government invests in trade and investment missions because companies that participate in these missions are able to contribute to growing the economy of South Africa and creating jobs that the country needs very much.

“We identify markets where opportunities exist for the South African value-added products in particular, to be exported to. Once the companies find new export markets for their products, they increase their production which assists in saving jobs, and creating new job opportunities.

“That is the reason why we as government invest in these missions because their positive impact on our economy is far-reaching,” she said.

Businesspeople in the agro-processing, and clothing and textile sectors spent the last day of the ITI visiting two supermarkets with the aim of identifying opportunities of supplying them with products from South Africa.

Fresh Produce Exporters Forum Anton Kruger said he is confident that more produce could be exported to more supermarkets in the Novosibirsk region of Russia.

Source: http://www.sanews.gov.za/south-africa/sa-keen-attract-investment

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Tue, 10 Oct 2017
South Africa to participate in World Trade Organisation ministerial meeting...

A South African delegation has arrived in Marrakesh, Morocco, to attend the World Trade Organisation (WTO) Informal Ministerial Gathering.

The delegation is led by Trade and Industry Minister Rob Davies and Deputy Minister Bulelani Magwanishe.

They will attended the meeting which is part of a series of preparatory meetings leading to the 11th WTO Ministerial Conference (MC11) to be held in Buenos Aires, Argentina, in December 2017.

The meeting will provide a platform for exchange of views and guidance on possible outcomes at MC11.

“The Ministers reiterated their commitment to the development mandate of the Doha Development Agenda (DDA) and agreed that Africa should seek outcomes that provide policy space for Africa to pursue integration and industrialisation to drive the process of structural transformation across the African continent,” the dti said on Saturday.

The Ministers also agreed on the need to ensure that the outcomes achieved at the multilateral level do not undermine the continent’s development integration agenda that encompasses market integration, industrial development and infrastructure development.

On the side-lines of the WTO Informal Ministerial Gathering, Minister Davies and Deputy Minister Magwanishe will also have several bilateral meetings and a meeting of the African Ministers of Trade.

Source: http://www.sanews.gov.za/south-africa/sa-participate-wto-ministerial-meeting

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Tue, 03 Oct 2017
South African companies explore opportunities in Tunisia & Algeria...

A delegation of South African companies is currently on a trade and investment mission in Tunisia and Algeria, where they are exploring export markets.

The trade and investment mission, which is led by the Department of Trade and Industry (dti), will serve to promote South African products and service offerings, while creating partnerships between the business communities of the respective countries.

The trade mission, which got underway on Sunday, will conclude on Thursday.

Trade and Industry Minister Dr Rob Davies said the mission is aimed at advancing Tunisia, Algeria and South Africa’s trade and investment relations.

Both Tunisia and Algeria feature as strategic partners for South Africa in the North Africa region and are pivotal partners towards advancing integration on the continent.

Minister Davies said the mission will provide South African companies with a platform to introduce their products into the Tunisian and Algerian market.

“This mission will serve as a stepping stone in cementing trade relations and encouraging investment with the two nations. Also, it is an ideal platform for South African companies who would like to export value added products and services and those looking for investment opportunities in the region,” said Minister Davies on Sunday.

Algeria has been South Africa’s largest export trading partner in the North Africa region, having accounted for 43% of South Africa’s total trade with North Africa in the period 2011 to 2015.

The value of trade between the two countries reached over R13.4 billion, from 2011 to 2015. South African exports were estimated at R13 billion while imports from Algeria were R463 million.

The trade mission comprises a trade and investment seminar, business-to-business meetings and site visits in both countries.

Sectors targeted for the mission include energy, construction, agriculture and agro-processing, information and communication technology, infrastructure development, services, pharmaceuticals, clothing and textiles, manufacturing and mining.

 

Source: http://www.sanews.gov.za/south-africa/sa-companies-explore-opportunities-tunisia-algeria

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