The 38 investors will be in Zambia from October 6 to 8 under the auspices of the Department of Trade and Industry of South Africa and the embassies of the two countries, according to a statement released by first secretary for press at the Zambian Embassy in South Africa Nicky Shabolyo.
The investors are expected to participate in an outward selling and investment program which includes business seminars, business-to-business meetings and round table discussions, according to the statement.
Zambia’s High Commissioner to South Africa Emmanuel Mwamba said the investment mission would help in narrowing the trade deficit that has been in favor of South Africa.
The Zambian envoy has since implored Zambian businesses to take advantage of the visit so that the trade deficit with South Africa, particularly in value added or non-traditional exports could be lessened.
According to figures released by the Zambian Embassy in South Africa, South Africa’s exports to Zambia exceeded 29 billion Rands in 2014 while imports from Zambia amounted to just over 1 billion Rands.
The Zambian envoy further said the visit comes at a time when the two countries have established the Zambia-South Africa Business Council, whose main objective will be to bring together businesses from the two countries by providing a platform from which concerns and suggestions could be tabled.
The business delegation comprises of business people from the agro-processing, built environment professionals, capital equipment, electro-technical, infrastructure, metals, chemicals, pharmaceuticals and medical equipment sectors.
South Africa’s Minister of Trade and Industry Rob Davies said the mission will have a positive impact in terms of increasing export sales from South Africa into the Zambian market over the long-term.
The mission will further expose South African companies to available export and investment opportunities and enable them to obtain new business leads and identify new market opportunities in Zambia. Enditem