South Africa exhibition at Angola expo confirmed

Deputy Minister of Trade and Industry, Mzwandile Masina

Deputy Minister of Trade and Industry, Mzwandile Masina

JOHANNESBURG, (CAJ News) -MORE than 20 South African companies will later this month exhibit at the Feira Internacional de Angola (FILDA), an international trade exhibition.

The Department of Trade and Industry (DTI) has organised a National Pavilion at FILDA.

According to the Deputy Minister of Trade and Industry, Mzwandile Masina, FILDA will expose South African companies to trade and investment opportunities available in Angola and other countries participating in the annual multi-sectoral exhibition.

Last year more than 800 companies from about 40 countries participated in the exhibition, with more than 50 000 people visiting it.

“The DTI is striving to facilitate economic development through promoting outward investment, intra-Africa trade, regional industrialisation and infrastructure development within the Southern African Development Community (SADC) region and the rest of Africa.

“FILDA will be a good platform to promote South African manufactured products in the Angolan market and beyond,” said Deputy Minister Masina.

The 24 companies that will exhibit in Angola include small, medium and micro enterprises (SMMEs), emerging exporters, women-owned enterprises and large companies drawn from the logistics and infrastructure, civil construction, energy (oil and gas), mining and capital equipment, Information and Communication Technology (ICT), and boat-building sectors.

Total trade between South Africa and Angola stood at over R33 billion last year, with a R10 billion trade deficit incurred by South Africa.

South African exports to Angola comprise mainly of electro-technical machinery and mechanical appliances, prepared foodstuffs, beverages, spirits and vinegar, chemical products, mechanical equipment for vehicles and aircrafts and vegetables.

The composition of Angolan imports into South Africa has primarily been petroleum oils, bituminous minerals and crude.

– CAJ News




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Posted by on Jul 6 2015. Filed under Africa & World, Featured, Finance, Finance & Banking, Investing, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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