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SA-Tanzania relations must continue

Pretoria - Tanzania and South Africa must continue with economic diplomacy that will eventually address the trade imbalances between the two countries, said South African High Commissioner to Tanzania, Thami Mseleku.

Mseleku’s comments come as the Department of Trade and Industry (dti) leads 31 local companies to Tanzania on an Outward Selling and Investment Mission.

The mission aims to increase trade and investment between South Africa and the two countries.

Mseleku, who pointed out that the political relationship between the two countries, was favourable, also advised the business delegation to keep the same thrust and make sure that the business deals were mutually beneficial to both countries.

Addressing the South African business delegation in Dar Es Salaam on Wednesday night, Mseleku said that currently the trade balance is skewed in South Africa’s favour, adding that efforts should be doubled to address the imbalance.

Collaborative efforts, he added, are being pursued to use the close political and economic relationship that exists between the two countries for mutual economic development.

“More than 200 South African companies in various sectors are in operation in Tanzania, and if you use the opportunity to interact, create relations and understand the Tanzanian market, you could also find yourselves accessing the investment and market opportunities here,” said Mseleku.

Mseleku, who reiterated South Africa’s commitment to the growth of Tanzania, wished the business delegation well as they prepared to engage with the Tanzanian business community.

The targeted sectors for this mission include, agro-processing, infrastructure, built environment professionals, mining and capital equipment, and electro-technical, chemicals, plastics and pharmaceuticals and energy.

The investment mission, which kicked off on Monday in Kenya, will conclude today in Tanzania. - SAnews.gov.za

 


 
 
 
 
 
 
 
 
 
 
 
 
 
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January/February 2020

 
 
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