South Africa, Türkiye hold trade fair in Johannesburg

Turkish and South African firms met Friday in Johannesburg to explore investment opportunities.

"Our (Turkish) economy is one of the fastest growing economies in the region. In the past 19 years Türkiye's economy has been growing at an average of 5.4% but in the first quarter of this year it grew to 7.4%," Yasemin Esenlik, a representative of the Presidency of the Republic of Türkiye Investment Office, told Anadolu Agency after the meeting.

She visited South Africa with two other colleagues to promote investment opportunities for Türkiye at the South Africa-Türkiye Investment and Trade Day event organized by the Turkish Embassy and the Johannesburg Chamber of Commerce and Industry. She said Türkiye is a great investment destination owing to its strategic location between Asia and Europe.

"Türkiye attracted $240 billion foreign direct investment (FDI) in the last 19 years and as of 2021, we attracted $14.1 billion.

We are close to our pre-pandemic numbers of FDI," Esenlik said.

She said companies from across the world are choosing Türkiye because it is a manufacturing and logistical hub, and research and development center with more than 500 companies having their headquarters in the country.

Esenlik said currently there are over 60 South African companies operating in Türkiye and 70 Turkish companies operating in South Africa. She said the trade volume between the two countries is $2.1 billion.

"There was a couple of things that stood out for me, as we explored these different aspects (of investment opportunities) and one particular aspect for us is to say that both South Africa and Türkiye are great trade destinations. One from a perspective that Türkiye is a gateway into Europe in terms of its location in central Europe, and provides a lot of support for businesses to come in and for them to navigate the way." Shawn Theunissen, head of the Johannesburg Chamber of Commerce and Industry, told Anadolu Agency after the meetings.