The Deputy Minister of Trade, Industry and Competition (the dtic), Mr Fikile Majola says the Inward Buying and Investment Missions that will be taking place in four provinces will act as a catalyst for forging lasting relationships and fostering economic growth. Majola was addressing businesspeople from South Africa, Brazil, Russia, India and China at a business forum that took place in Sandton today. The seminar was part of the Gauteng leg of the missions.

“This gathering and all other pre-BRICS Summit activities that are taking place across the country, bring together collective expertise needed to drive the required positive change. As we stand at the intersection of opportunities, let us recognise and take full advantage of the potential that lies ahead,” said Majola.

According to Majola, through these strategic partnerships and meaningful engagements, government aims to create lasting positive impacts that extend far beyond the event itself.

“We must work hard to strengthen our collaborative efforts and shared commitments to continuously foster growth, development, and prosperity. The Inward Buying and Investment Missions hold the promise to unlock transformative opportunities by connecting business delegates from the BRICS countries and from Africa,” he said.

Majola further said the mission stands as a strategic endeavour perfectly aligned with the objectives of the Gauteng City Region, a dynamic landscape comprising several development corridors.

“This powerhouse region called Gauteng, home to a quarter of South Africa’s population and contributing 35% to the nation’s Gross Domestic Product, embodies a concentrated hub of people and economic vitality. The province in its essence, serves as the epicentre of national transformation, modernisation, and re-industrialisation,” he added.

Majola also pointed out that the interactions between these influential business leaders and the heart of South Africa nation’s economic activity will undoubtedly spark collaborations that extend beyond borders.

“Through the Inward Buying and Investment Missions, we are not merely hosting high-level engagements, we are facilitating a dialogue that resonates with the heart of Gauteng’s aspirations. It is an opportunity for the region to showcase its investment climate, diverse sectors, and innovative spirit. As we embark on this journey, we envision expanded market access, increased trade volumes, elevated investment flows, and forging of lasting partnerships,” he said.

The rest of the Inward Buying and Investment Missions will take place in the Western Cape, KwaZulu-Natal, and Eastern Cape before the BRICS summit starts later this month.

The Deputy Minister of Trade, Industry and Competition, Mr Fikile Majola addressing businesspeople during a BRICS Business Seminar in Sandton, Gauteng.

Bongani Lukhele – Director: Media Relations
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Issued by: The Department of Trade, Industry and Competition (the dtic)
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