Posted: August 9, 2019
the dti on a Mission to Showcase SA Companies and Deepen Relations with Zambia
|The Department of Trade and Industry (the dti) will lead a delegation of 28 South African business representatives on an Outward Trade and Investment Mission to Lusaka and Kitwe, Zambia from 12-16 August 2019. The mission aims to facilitate market access and expose the South African companies to the Zambian market while deepening bilateral trade relations.
According to the Deputy Minister of Trade and Industry, Ms Nomalungelo Gina, the dti is positioning South Africa as the preferred trade and investment partner for Zambia, as the country seeks to address its triple economic challenges of poverty, inequality and unemployment through its diversification strategy as outlined in Zambia’s 7th National Development Plan.
“South Africa and Zambia share strong bilateral relations with total trade amounting to R33 billion last year. South Africa’s main exports to Zambia include amongst others, machinery and mechanical appliances, base metals, mineral products, products of the chemical or allied industries, plastics and articles thereof, vehicles, aircraft, vessels and associated transport equipment,” says Gina.
Most importantly Gina says the mission is expected to produce possible collaboration between businesspeople that will benefit both countries.
The mission will include trade and investment seminars, targeted business-to-business meetings and sector specific site visits. Participating companies will represent the following sectors: infrastructure: roads and rail, bridges, ports, built environment professionals; energy; steel fabrication and steel tubing; as well as mining and capital equipment.
The participating companies are funded by the dti through its Export Market and Invest Assistance scheme (EMIA). State-owned development finance institutions such Export Credit Insurance Corporation of South Africa and the Industrial Development Corporation, and export councils such as the South African Electro-Technical Export Council, South African Capital Equipment Export Council, and the Steel Tube Export Association of South Africa will form part of the delegation.