SA companies to participate in trade and investment mission to Mozambique
Nyamezela Metering is seeking to expand its customer base when it participates in the Department of Trade and Industry’s (dti) trade and investment mission to the neighbouring country.
"Currently, we supply Eskom and some municipalities with our products and services and outside South Africa, we supply to Zimbabwe and are confident that Mozambique will be our next market," said the company's Project Coordinator, Hazel Kahari, ahead of the start of the trade mission.
The company intends to meet potential suppliers or agents for their products as well as to conduct the market intelligence and most importantly to know more about the current challenges Mozambique is facing in the energy sector.
Knowing these challenges, she says, will help them custom make products that can meet customer needs as opposed to suggesting a one size fits all.
"We are particularly excited about the business-to-business meetings that are being arranged for us. We are optimistic that this mission will yield positive results for our company," says Kahari.
The company is among the companies who received financial support from the dti to participate in the mission encompassing companies from the electrical and renewable energy, architects and engineering services, built environment, telecommunications, and mining services, among others.
Trade and Industry Minister Rob Davies said the mission grants the South African government 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 businesspeople," said Davies.
SA's investment in Mozambique
The Minister said South African companies have invested in Mozambique across a broad spectrum of sectors.
"The Industrial Development Cooperation (IDC) has since been acting as a catalyst for investment and development in Mozambique. About 40% of Industrial Development Corporation'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," he said.
In 2017, 30% of Mozambique's imports came from South Africa which puts it in the first position in terms of the market share in the country.
The mission will take place in the provinces of Pemba and capital Maputo.
(With Inputs from South African Government Press Release)
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