Nigeria visit to boost DTI’s Export and Investment Promotion Strategy
The Department of Trade and Industry (DTI) continued to promote its Export and Investment Promotion Strategy, with Trade and Industry Deputy Minister Elizabeth Thabethe set to lead a 40-person delegation to Nigeria.
The department’s Outward Selling and Investment Mission, which would take place in Abuja and Lagos from December 2 to 6, would focus on exposing South African companies to trade, investment and export opportunities, while promoting South Africa as a trade and investment destination to Nigerian businesses.
The agroprocessing, mining and capital equipment, engineering, chemicals, renewable energy and information and communications technology sectors would be specifically targeted during the four-day mission, the programme of which included trade and investment seminars, business-to-business meetings and site visits.
“Nigeria is a very crucial market for South Africa in the West African region. In 2012, it accounted for 40% of South African exports into the region,” said Thabethe.
Imports from Nigeria increased from R16.08-billion in 2010 to R30.5-billion in 2012, while South African exports to Nigeria have increased from R4.3-billion in 2010 to R6.09-billion in 2012.
Total trade between the two countries reached R36.6-billion last year, representing a “considerable” increase driven by the surge in oil and oil products imported from the Nigerian market.
“Although total trade between South Africa and Nigeria has increased substantially over the last three years, there is potential to increase the diversity of products and services traded between the two countries,” Thabethe concluded.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
