4th December 2016
The Director of Bilateral and Economic Relations in Africa in the Ministry of Trade and Industry (the dti) says Mr Lebogang Makoloi, Algeria is a strategic country for South Africa. Makoloi spoke on the sidelines of the African Investment and Business Forum currently taking place in Algiers, Algeria.
According to Makoloi, Algeria was South Africa’s largest trading partner in the North Africa region, which accounted for 43% of all South Africa’s trade with North Africa over the past five years from 2011 to 2015. Africa trade in line with the African Union’s 2063 Agenda.
“South Africa has advocated a development policy integration agenda that rests on three pillars: market integration by promoting more intra-African trade, industrialization by building up more production capacities and developing infrastructure. We want a lot of South African companies to invest in Algeria as the country opens up to new opportunities, ”said Makoloi.
The Algerian Ambassador to South Africa, Mr A-EL-N Belaid, said there are important opportunities to strengthen bilateral economic ties in all sectors and there is an opportunity to effectively promote bilateral economic ties in Africa.
He added that Algerian economic operators were open to their South African counterparts.
“The South African delegation is the largest in this business forum and that is a sign of our commitment to doing business with South Africa,” said Belaid.
He stressed that due to the historical ties between the two countries, the Algerian government wanted South African businessmen to attend the economic forum.
Belaid also urged South African companies to keep in touch with the partners they will meet with during the forum and to use the services of the embassies.
“Algeria is historically committed to Africa. We are proud to belong to this continent. You are brothers and sisters, let’s work together, ”he added.
Distributed by APO on behalf of the Department of Trade and Industry, South Africa.