the dtic to Host SA-Ghana Trade and Investment Webinar

The South African and Ghanaian companies planning to explore trade and investment opportunities in the two countries will get an opportunity to exchange ideas and information when they participate in the virtual South Africa-Ghana Trade and Investment Webinar from 18-19 August 2020. The session will be hosted by the Department of Trade, Industry and Competition (the dtic) with the aim reinvigorating and rekindling bilateral economic relations between the two countries post the Covid-19 pandemic.

The theme of the session will be Developing Afrocentric Solutions and Forging Partnership in Response to Covid-19. Companies operating in agro-processing and agricultural equipment; pharmaceutical, mining, rail, textile, energy and infrastructure have been invited to attend the session.

According to the Deputy Minister of Trade, Industry and Competition, Mr Fikile Majola, the session will afford the South African and Ghanaian businesspeople to exchange ideas and information on how to increase trade and investment between the two countries during and after the Covid-19 pandemic.

”It is important that we continue the conversation and interaction between the South African businesspeople and their counterparts from other African countries, despite the Coronavirus pandemic and the lockdown. This is to ensure that we continue to work with our businesses to identify new opportunities that we can explore in order to increase bilateral trade and investment between South Africa and other African countries,’ says Majola

Majola adds that the session is also part of South Africa’s economic strategy for Africa, which is premised on the development integration approach focusing on advancing the priorities for Africa as set out in the country’s Re-imagined Industrialisation Strategy, and the Integrated National Export Strategy (INES).

“This is also part of South Africa’s commitment to increasing intra-African trade and investment in line with the spirit and letter of the African Continental Free Trade Agreement (AfCFTA),” says Majola

Bilateral trade between South Africa and Ghana was on an upward growth trajectory before being negatively affected by the outbreak of the Covid-19 pandemic and the subsequent lockdown in South Africa. Two-way trade between the two countries increased considerably from almost R4 billion in 2014 to R14 billion in 2019.

Sidwell Medupe-Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
Issued by: The Department of Trade, Industry and Competition
Follow us on Twitter: @the_dti

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