"We have to dig deeper to expand our cooperation in order to ensure that the relationship with our business partners translates into a productive partnership that will enable the participation of small, micro and medium enterprises and the transfer of specialized skills and technology," said Van-Dunem Junior.
Van-Dunem Junior said this while addressing about 200 businesspeople at the Trade and Investment Seminar hosted by the Department of Trade and Industry (the dti) in Luanda on Tuesday.
The seminar was part of the week-long Outward Trade and Investment Mission (OTIM) to Angola that started on Monday.
Van-Dunem Junior said it was pleasing to see two countries of different cultures meeting to pursue the same objective, which is to generate business opportunities and reconnect common strategies for the challenges faced by both countries.
He said despite Angola undergoing reforms to diversify its economy, there remains a wealth of major business opportunities in oil and gas, mining in general but diamond mining and beneficiation in particular.
Van-Dunem Junior said the Angolan government is committed to reforms that will enhance the competitiveness of the business environment.
"I, therefore, invite South African businesspeople to invest in the country because this is a vehicle which can cement our relationship and create a win-win situation for both countries.
"I would like to reiterate the commitment by our Ministry of Trade to nurturing mutual trust and generating credible actions, which will result in the improvement of business relations between the State and investors," said the Minister.
He said Angola and South Africa enjoy fraternal bilateral relations, which need to be cemented by business-to-business engagements for the mutual benefit of both countries.
"It is only you as business people who can make it happen. The political leadership of our respective nations expects you to do more in this regard. The government will stand ready to provide support where necessary. However, I am fully confident that businesspeople should be able to thrive and flourish on their own, as the conditions for doing business in Angola have tremendously improved, especially over the past two years," said Phakola.
(With Inputs from South African Government Press Release)