the dti TO LEAD SPECIAL ECONOMIC ZONES INVESTMENT ROADSHOW TO CHINA
The Department of Trade and Industry (the dti) will lead a 25-member delegation drawn from all Special Economic Zones in South Africa on an investment roadshow to the Chinese cities of Guangzhou and Shenzhen from 6-11 May 2017. The objective of the roadshow is to attract investors to the country’s Special Economic Zones (SEZs). The delegation will consist of high-ranking officials of the dti, SEZs and provincial economic development agencies.
The investment roadshow will take place in the form of seminars and business roundtables where the South African delegation will present on the country’s SEZ opportunities. Each seminar will be followed by networking and match-making sessions.
According to the Minister of Trade and Industry, Dr Rob Davies, the roadshow is part of the implementation of the undertakings of the Comprehensive Strategic Partnership Agreement (CSPA) signed between SA and China in 2011, and also the Forum on China-Africa Cooperation (FOCAC) Summit in Johannesburg in 2015. China agreed to support SA and Africa’s initiatives of industrialisation and beneficiation. It is also part of the implementation of the Strategic Partnership Agreement that the dti signed with the Bank of China in March this year.
“The investment roadshow seeks to attract varied potential investors in different sectors to invest in the South African SEZs. As our focus in regard to the SEZ implementation programme is on attracting Investments into the SEZs, the ultimate objective of the roadshows of this nature is to bring high-level local and international investors together with a view to entice them to invest in South Africa. The seminars will provide a platform wherein the South African SEZ operators will have an opportunity to meet and present their value propositions to potential Chinese investors, finance Institutions, and government representatives,” says Minister Davies.
He adds that the dti seeks to derive value from the cooperation agreement with China on SEZs, particularly as South Africa embarks on industrialisation and mineral beneficiation programmes. Currently, there are major flagship investment projects that South Africa is implementing in partnership with Chinese government. These include the planning and development of high-tech and science industrial parks, a metallurgical SEZ, and capacity building programme.
“China is the second biggest economy in the world, and the biggest South Africa’s trading partner. China’s market remains a key strategic priority for South Africa’s raw material and value-added products. More importantly, the dti has entered into a number of strategic partnerships with the Chinese government. The main purpose of these strategic partnerships is to foster cooperation on Investment promotion and facilitation, infrastructure development, exchange of information and human resource development,” says Minister Davies.
He stresses that in order to have vibrant SEZs and competitive regional economies, it is necessary to continuously implement a systematic marketing and investment approach for various SEZs in SA and to also state their value proposition to potential investors.
Sidwell Medupe-Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
Issued by: The Department of Trade and Industry
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