PRETORIA, South Africa and the Democratic Rep
Addressing businesspeople who participated in the ITI, the Governor of Lualaba province, Richard Muyez Mangeze Mans, said that the provincial government's goal was to attract investments that would diversify their economy away from the extractive industries.
Our strategy is to encourage investments that will contribute to the development of sectors that bolster industrialisation as well as the creation of small and medium enterprises. We have started with the construction of the social infrastructure. We believe that the total effect of all of our efforts will be the creation of a middle class which will significantly uplift our provincial economy, said Mans.
Mans said they were convinced that by reducing their reliance on mining sector revenues, which are subject to fluctuating international commodity prices, the province would be making big strides towards their end-goal of having a diversified economy.
He also encouraged South African businesspeople to engage further with the provincial Congolese Chamber of Commerce in order to find suitable partners for the formation of joint ventures and partnerships.
Chief Director of Trade Invest Africa at the dti, Zanele Mkhize, commended the advances made in building social infrastructure since the designation of Lualaba.
The doors have been open for South African businesses to invest in this province. Every single business attending the ITI can find trade and investment opportunities in a variety of sectors identified by the province such as agriculture, mining, tourism, power generation as well as water and sanitation, she said.
The ITI, which was funded and organized by the dti, which got underway on Monday, concluded on Saturday.
The objective of the ITI, was to increase trade and deepen bilateral relations between South Africa and the DRC. Trade between the two countries stood at R12.8 billion at the end of 2016.
Source: NAM NEWS NETWORK