PRETORIA, August 14 (ANA) - South African and Ghanaian companies planning to explore trade and investment opportunities in the two countries will have an opportunity to exchange ideas and information during a two-day webinar session on August 18-19.
In a statement, the Department of Trade, Industry and Competition (dtic) said the theme of the session would be ‘Developing Afrocentric Solutions and Forging Partnership in Response to Covid-19’, and companies operating in agro-processing and agricultural equipment, pharmaceutical, mining, rail, textile, energy and infrastructure have been invited to attend the session.
”It is important that we continue the conversation and interaction between the South African business people and their counterparts from other African countries, despite the Coronavirus pandemic and the lockdown,” said deputy minister of the dtic, Fikile Majola.
“This is also part of South Africa’s commitment to increasing intra-African trade and investment in line with the spirit and letter of the African Continental Free Trade Area (AfCFTA).”
The dtic said bilateral trade between the two countries was on an upward growth trajectory before being negatively affected by the outbreak of Covid-19 and the subsequent lockdown in South Africa.
It increased from almost R4 billion (over $230 million) in 2014 to R14 billion (over $800 million) in 2019.
- African News Agency (ANA); Editing by Naomi Mackay
