South Africa still keen to attract investment despite economic challenges


South Africa is keen to invest in international trade and investment missions in order to attract new business opportunities.

This is according to Nomasonto Sibanda-Thusi, South African Ambassador to Russia. 

“As representatives of the government of South Africa, we are entrusted with the task of enhancing political and economic relations between the countries we are posted to.

“Our task is to promote cordial mutual bilateral relations that will enable us to position South Africa as a country of choice for bilateral trade and investment,” said the country’s Ambassador to Russia.

Sibanda-Thusi was speaking to South African businesspeople, who were attending the last day of the Investment and Trade Initiative (ITI) in Novosibirsk, Russia, on 26 October 2017. 

Organised and funded by the Department of Trade and Industry (dti) the ITI, which got underway on Tuesday, was aimed at increasing exports of agro-processing and clothing and textile products, among others, to the Russian market.

Twenty South African companies participated in the mission.

Ambassador Sibanda-Thusi said government invests in trade and investment missions because companies that participate in these missions are able to contribute to growing the economy of South Africa and creating jobs that the country needs very much.

“We identify markets where opportunities exist for the South African value-added products in particular, to be exported to. Once the companies find new export markets for their products, they increase their production which assists in saving jobs, and creating new job opportunities.

“That is the reason why we as government invest in these missions because their positive impact on our economy is far-reaching,” she said.

Businesspeople in the agro-processing, and clothing and textile sectors spent the last day of the ITI visiting two supermarkets with the aim of identifying opportunities of supplying them with products from South Africa.

Fresh Produce Exporters Forum Anton Kruger said he is confident that more produce could be exported to more supermarkets in the Novosibirsk region of Russia. 


About Author

Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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