Business urged to make most of opportunities in Angola
Pretoria - Department of Trade and Industry (dti) Deputy Minister Mzwandile Masina has urged business people who will participate in the upcoming Feira Internacional de Angola (FILDA) international trade exhibition later this month to make the most of this opportunity.
This as 25 local companies are due to show off their products and services at the exhibition which will take place in Luanda, Angola, from 21-26 July 2015.
The dti will set up a national pavilion at the popular annual trade fair where companies will exhibit their wares.
According to Deputy Minister Masina, participating in the fair will provide the companies with an opportunity to showcase their products while the companies will also gain regional and international business contacts. FILDA will also increase the companies’ knowledge of the Angolan market.
“One of the dti’s strategic goals is to grow the South African manufacturing sector in order to promote industrial development, job creation, investment and exports. To achieve this objective, the department embarks on international missions and trade exhibitions in order to promote exports of South African value-added goods to increase market share in markets in various regions of the world.
This will enable South African businesses to access global markets which will lead to them increasing their production, thereby growing the SA economy and creating employment,” said Deputy Minister Masina on Thursday.
The companies, who are from Gauteng, Limpopo, Mpumalanga, Eastern Cape, Western Cape and KwaZulu-Natal are operating in agro-processing, capital equipment, manufacturing equipment, machinery and tools, mining engineering, chemicals and automotive sectors.
He added that providing support to companies to participate in international trade shows and missions is part of the department’s export strategy that has seen almost R3 billion worth of export sales being generated by companies that participated in missions and pavilions organised by the dti in the 2013/2014 financial year.
“Increasing South Africa’s exporter base is a vital component for spurring economic growth, improving participation within the economy and generating employment.”
The dti has in the past three years supported companies to participate in FILDA to leverage on the good relations between the two countries. “Through participation last year, the department has facilitated export sales to the value of R10 million,” said the Deputy Minister.