South Africa business to participate in Angola's FILDA

Pretoria - A group of business people have arrived in Luanda, Angola, to participate in the 32nd edition of the Angolan Feira Internacional de Angola (FILDA) trade fair, said the Department of Trade and Industry (dti).

The trade fair will kick off on Tuesday.

The dti will set up a national pavilion at the annual trade fair where 24 companies will exhibit their products and services in the pavilion.

The companies, which hail 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.

According to dti Deputy Minister Mzwandile Masina, participating in the fair will provide the companies with an opportunity to showcase their products and service in an international exhibition that attracts participants from countries across the globe.

“This will enable the companies to gain regional and international business contacts from many countries, increase their knowledge of the Angolan market and be able to appoint agents and distributors for their products. 800 companies from more than forty countries participated in the trade fair last year,” said Deputy Minister Masina on Sunday.

He added that 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 continuously embarks on international missions and trade exhibitions in order to promote exports of South African value-added goods to increase market share 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,” he explained.

He further said that providing support to companies to participate in international trade shows like FILDA and missions was part of the dti’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 2013/2014 financial year.

Acting Ambassador of South Africa to Angola, Maotwe Mokwena, said the participation of the SA companies in FILDA contributes significantly in enhancing bilateral economic relations between South Africa and Angola.

“Angola is being regarded as our strategic partner in Africa. In this regard, South Africa is Angola’s number one trading partner in Africa. Since the signing of the economic cooperation agreement between the two countries in 2009, great strides have been made to enhance the bilateral trade and investment between our countries,” said Mokwena.

Bilateral trade between SA and Angola surpassed R24 billion in 2014.

The trade fair will conclude on Sunday.