SA plans Nigeria investment missionFrom TINTSWALO BALOYI in Johannesburg , SA
JOHANNESBURG, (CAJ News) – A DELEGATION of South African business leaders is set to tour Nigeria in August to explore business opportunities.
The Department of Trade and Industry is planning the tour, which also take the delegation to Ghana.
The tour is scheduled for August 8-12.
The Deputy Minister of Trade and Industry, Mzwandile Masina, said the objective of this mission to Nigeria in particular was to build on the commitments made during the recent State Visit by South African President
“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,” Masina said from Pretoria.
He noted bilateral trade between South Africa and Nigeria, Africa’s biggest economies, had experienced steady growth with total trade increasing from a total of R28,4 billion in 2011 to R46,1 billion in 2015.
Masina said Ghana and Nigeria were important role players in African economic performance and thus present a long term export potential for South Africa in terms of investments and trade.
Companies in the sectors of agriculture and agro-processing, built environment professionals, automotives and auto-components, energy, infrastructure as well as mining have been encouraged to participate in the tour.
– CAJ News
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