Pretoria – A delegation of South African companies has arrived in Maputo, Mozambique, where they will showcase their products and services at the 50th Jubilee of the Feira International de Maputo (FACIM) Fair.
The 29 companies are participating in the fair, which kicks off today, with the help of the Department of Trade and Industry (dti).
The aim of participating in FACIM is to tap into the growing Mozambican market in the transport and communication industries, where South African companies have the capability to supply services and capital equipment.
“Mozambique is one of South Africa’s Top-5 trading partners in Africa and we want to expand our market share to enable our companies to compete with other countries that have since made substantial inroads into the country,” said the dti’s Economic Counsellor in Mozambique, Matome Kgowedi.
The director of Export Promotion at the dti, Dr Julius Nyalunga, said Mozambique is one of South Africa’s most important strategic countries with relation to the Trade and Investment South Africa’s diversification strategy on Africa.
“It is one of the countries that we are targeting with the understanding that it is amongst the ten fastest growing economies in the world, and that it has signed a number of Memoranda of Understanding (MoU) with South Africa that seek to strengthen trade relations,” said Nyalunga.
He further said that they want to increase the market share of South African companies in Mozambique.
“We also intend to increase South African outward investment into Mozambique, but it is interesting for us to understand that if we are not going to aggressively participate in Mozambique, there is going to be a challenge because role-players from the world over are here and they are trying to get a foothold into Mozambique’s market.”
The purpose of FACIM is to promote commercial activities, stimulate production and consumption, and enhance the economic integration of Mozambique in the world economy.
FACIM runs from today until Sunday.
The delegation comprises 19 small, medium and micro-sized enterprises, four historically disadvantaged companies and six emerging exporters