The Deputy Minister of Trade and Industry, Ms Elizabeth Thabethe, will lead a delegation representing South African businesses to the Feira Internacional de Angola (FILDA) trade exhibition taking place in Luanda, Angola from 16 to 21 July 2013.
The Department of Trade and Industry has organised a National Pavilion at FILDA and is financially assisting 33 companies including small, medium and micro enterprises, emerging exporters, women-owned enterprises and large companies to participate.
The large companies are from the agricultural equipment, manufacturing equipment, machinery and tools, mining engineering, petrochemical, and arts and crafts sectors. South African businesses will showcase their products at the exhibition with the aim of increasing exports of South African manufactured products to Angola.
FILDA is a multi-sectoral fair attended by exhibitors from different sectors including oil, banking, services, trade, communications, automobile, machines and equipment, and agricultural and farming products, amongst others.
“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 manufactured products in the Angolan market,” says Thabethe.
According to the Deputy Minister, the DTI is striving to facilitate economic development through promoting outward investment, intra-Africa trade, regional industrialisation and infrastructure development within the Southern African Development Community (SADC) region and the rest of Africa.
Angola ranks as one of the fastest-growing economies in the world. Its high growth rate is driven by its burgeoning oil sector which contributes about half of the GDP and 90% of exports. Angola’s primary imports include machinery and electrical equipment, vehicles and spare parts, medicine, food, textiles and military goods.
Angola is increasingly opening its domestic markets and encouraging more competition, the country offers enormous trade and investment opportunities for the South African companies as foreign investors are increasingly sought and welcomed.
Enquiries:
Sidwell Medupe, departmental spokesperson
Tel: (012) 394 1650
Cell: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
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