SA pushes trade, investment in DRC

10 September 2014

Twenty-five companies are on their way to the Democratic Republic of Congo (DRC) in search of investment and export opportunities. The Department of Trade and Industry (dti) will lead the business representatives on an Investment and Trade Initiative (ITI) to Kinshasa and Lubumbashi later this week.

The business delegation comprises companies in the agriculture and agro-processing, infrastructure, built environment, energy, mining and capital equipment, electro technical and medical equipment, solutions and supplies sectors.

The ITI is part of government’s Export and Investment Promotion Strategy that focuses in targeted high growth markets with the objective of creating investment and export opportunities for South African companies and of promoting South Africa as a trade and investment destination.

The DRC is a strategic country for South Africa, with a domestic market estimated at 75 million people and bordered by nine countries with a potential market of 200 million consumers and it presents the largest market for South African products and services in Sub-Saharan Africa.

South Africa’s post-conflict reconstruction strategy for the DRC includes infrastructure rehabilitation and development as well as the facilitation of investments into the DRC economy by South African entities.

In 2013, South Africa’s exports to the DRC amounted to R12.3 billion, while its imports from the DRC amounted to R100 million.

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