Investment talks in Russia
A KZN delegation has embarked on a Southern African Development Community (SADC) Investment Promotion Forum mission in Moscow, Russia.
The investment promotion is part of celebrating the 38th anniversary of SADC and will focus on three key sectors, which include energy and mining, infrastructure development and regional industrial value chains as well as Small, Medium and Micro Enterprise Businesses (SMMEs).
Trade and Investment KwaZuluNatal (TIKZN) in partnership with the embassy will host two seminars, one in Moscow and the other in St Petersburg to market and showcase investment opportunities in KZN to Russian investors.
‘Working jointly with KZN companies and the Ilembe and Amajuba district municipalities, we will market opportunities for investment to potential investors within the sectors that have been identified.
‘The programme also includes oneon-one meetings with local industry players for participating businesses in this mission which are of critical importance.
‘Our partnerships with the embassy, business chambers and industry associations will provide links to important business information,’ said TIKZN CEO, Neville Matjie.
According to Global Economic Prospects 2018, Russia’s economy continues to grow, with projections set between 1.7 and 1.8% in 2018–20.
Matjie said the mission provides a platform to raise awareness of KZN as an attractive investment destination and the ease of doing business in the province through linkages between the respective governments and business leaders.
The KZN Department of Economic Development, Tourism and Environmental Affairs (EDTEA) is establishing industrial development hubs in each of the nine districts in the province.
While unveiling R200-billion worth of investment opportunities recently, MEC for EDTEA Sihle Zikalala said there is a growing appetite for local and international companies to invest in the province.
He said KZN’s two special economic zones, the Dube
Trade Port and
Richards Bay
Industrial
Development
Zone had attracted billions of rand worth of investments destined to create hundreds of jobs.