BUSINESS OF INVESTMENT

DTI BUSINESS DELEGATION HEADS FOR MOZAMBIQUE TRADE MISSION

THE TRADE and industry department (dti) will lead a South African business delegation on a trade and investment mission to the provinces of Pemba and Maputo in Mozambique from today to November 30, the dti said yesterday. According to Trade and Industry Minister Rob Davies, the mission grants the South African government, through the dti, the prospect of continued economic collaboration and partnerships with African countries for the realisation of higher levels of industrialisation through sustainable trade and investment. “The mission is expected to contribute towards increased trade and investment between South Africa and Mozambique, strengthen existing relations between the two countries, and increase the formation of commercial partnerships and joint ventures between the business people,” Davies said. “South African companies have invested in Mozambique across a broad spectrum of sectors. The Industrial Development Corporation (IDC) has since been acting as a catalyst for investment and development in Mozambique. About 40 percent of (the) IDC’s growth in terms of investments are infrastructure, tourism, fisheries, agriculture, extractive, and electricity. There is potential for South Africa to export products and services in these sectors,” Davies said. In 2017, 30 percent of Mozambique’s imports came from South Africa. | African News Agency (ANA)