The Department of Trade and Industry has organised an initiative to financially assist 33 companies to represent South African business in Angola this year.
The companies will represent South Africa at the Feira International de Angola (FILDA) trade exhibition in Luanda from the 16 to 21 July this year.
“The exhibition will expose South African companies to trade and investment opportunities available in Angola and other countries participating in the exhibition. It will also be a good platform to promote South African products in the Angolan market,” said Elizabeth Thabethe, deputy prime minister of the Department of Trade and Industry in a press release sent to ABN Digital.
Angola currently ranks as one of the fastest growing economies in the world and offer enormous trade and investment opportunities for the South African companies as foreign investors are increasingly sought after and welcomed.
The FILDA exhibition is a multi-sector fair attended by exhibitors from different industries such as oil, banking, services, trade and communications, among others.
FILDA poses as the perfect opportunity to increase South Africa- Angola trade relations.
Thabete will lead a delegation consisting of Small, Medium and Micro enterprises (SMEs), emerging exporters, women-owned enterprises as well as large companies that specialise in agricultural and manufacturing equipment and arts and crafts sectors.
This initiative will give South African businesses a chance to showcase their products at the exhibition with the aim of increasing exports of South African manufactured products to Angola.
The department’s main focus, however, is to facilitate economic development by promoting outward investment, intra- Africa trade, regional industrialisation and infrastructure development within the South African Development Community (SADC) region as well as the rest of Africa.